South Africa voluntary disclosure offshore assets | KPMG | ZA

South Africa: Voluntary disclosure, unauthorised offshore assets

Amnesty in South Africa

The Finance Minister today announced in the budget speech that a special voluntary disclosure opportunity would be made available for taxpayers who have income tax and/or exchange control liabilities relating to holdings of unauthorised assets off-shore.


Also on

Details of this income tax and exchange control amnesty would be made available later in the year when the draft bills are published. Additional
relief would be offered for a period of six months, from 1 October 2016, to
allow non-compliant taxpayers to regularise their affairs. 


Read a February 2016 report prepared by the KPMG member firm in South Africa: Tax and exchange control amnesty 

Connect with us


Request for proposal