TO ADDRESS THEIR SITUATIONS . THROUGH VOLUNTARY DISCLOSURE , TAXPAYERS CAN RECEIVE GUIDANCE , EXPEDITE RESOLUTION , AND POTENTIALLY REDUCE PENALTIES AND LEGAL CONSEQUENCES . “ PROACTIVELY RECTIFYING TAX DEFAULTS NOT ONLY BRINGS COMPLIANCE RELIEF BUT ALSO SIGNIFICANTLY LOWERS THE RISK OF PENALTIES AND LEGAL REPERCUSSIONS .”
TAX DEFAULTS ENCOMPASS VARIOUS SCENARIOS , SUCH AS INACCURATE INFORMATION SUBMISSION , UNDERDECLARED INCOME OR UNDERSTATEMENT OF ANY TAX LIABILITIES , AND FAILURE TO PROVIDE REQUESTED INFORMATION . ZULFAH MULLINS , WHO MANAGES TAX COMPLIANCE AT HOBBS SINCLAIR , COMMENTED , “ SARS ' VOLUNTARY DISCLOSURE , ALTHOUGH NOT COMPLICATED , IS BEST DONE WITH A TAX SPECIALIST WHO CAN ENSURE DOCUMENTS ARE SUBMITTED CORRECTLY AND NEGOTIATE AGREEMENTS WITH SARS . ABOVE ALL , OBTAINING A VDP CORRECTLY INVOLVES PREPARING A COMPREHENSIVE DISCLOSURE , SUBMITTING IT TO SARS , AND HAVING IT ACCEPTED BY SARS , WHICH GUARANTEES IMMUNITY FROM CRIMINAL PROSECUTION ,” SHE CONCLUDED .