Question NW621 to the Minister of Finance
04 April 2016 - NW621
Shivambu, Mr F to ask the Minister of Finance
(1)With reference to his announcement of a special voluntary disclosure programme to give opportunity to noncompliant taxpayers to voluntarily disclose offshore assets and income during the presentation of the Budget on 24 February 2016, how much has SA Revenue Service collected in revenue in all previous voluntary disclosure programmes since 2012, (2) how many (a) persons and (b) corporations have participated in the programme since 2012?
Reply:
- The South African Revenue Service has collected R6, 3 billion as on 14 March 2016 with the voluntary disclosure programme since 2012.
- (a)(b) The voluntary disclosure programme (VDP) data is kept per tax type, not per taxpayer type. The total number of VDP applications since 2012 is 8401. Of the approved applications, 35% relates to income tax, 13% to PAYE, 49% to VAT and 3% to other taxes.