An important part of the tax administration process to incent taxpayers who have not complied with their tax obligations are tax amnesty/voluntary disclosure programs. The increasing complexity of tax rules and filing obligations adds to the risk of non-compliance. However, the increasing global tax transparency and exchange of information movement is likely to increase the detection of non-compliance. It is not uncommon for non-compliance to occur and self-correction of such incidents is generally the best option. Most jurisdictions have some form of tax amnesty/voluntary disclosure program, but the treatment of taxes owing, penalties, interest and criminal prosecutions, as well as the periods available for disclosure, vary across jurisdictions.
Join us for our webcast which discusses the tax amnesty/voluntary disclosure process generally, and its current applications in the Netherlands, Italy, the United States and Canada. You will hear from disputes experts in those jurisdictions as they share their experience with these programs in their country.
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