Do you know what happens once the VDP process is complete?
The simple answer is:
SARS has the following obligations once the VDP process is complete
The Practical Vat Loose Leaf Service explains that after you've applied for VDP, and the VDP processes have been concluded, SARS must:
In addition, you and SARS must enter into a written agreement. It must include details on:
Remember that you must get an assessment to confirm the agreement.
'SARS must issue an assessment or determination to give effect to the agreement entered into between it and the vendor. This assessment isn't subject to objection and appeal.' says the Practical Vat Loose Leaf Service.
Well there you have it. Once the VDP process is over, SARS must fulfill ALL the above mentioned obligations. But be warned: SARS can withdraw the voluntary disclosure relief if it believes you've failed to disclose information relevant to your application for voluntary disclosure relief.
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