Income Tax Act, 1962 (Act No. 58 of 1962)

Notices

Purchase

The requirements for a valid voluntary disclosure are that the disclosure must—

(a)	be voluntary;

(b)	involve a default;

(c)	be full and complete in all material respects;

(d)	involve the potential application of a penalty or additional tax in respect of the default;

(e)	not result in a refund due by the Commissioner;

(f)	be made in the prescribed form and manner;

(g)	be made within the period prescribed by the Commissioner by notice in the Gazette; and

(h)	be in respect of a default which occurred prior to 17 February 2010.