How It Works
The voluntary disclosure procedure allows taxpayers to come forward with previously unreported income and pay the tax owed (plus interest and linkage) in exchange for immunity from criminal prosecution. The request is submitted to the ITA's legal advisor and must be: initiated by the taxpayer (not during an investigation), complete and truthful, and accompanied by payment of all outstanding tax.
Key Requirements
- Request must be initiated before any investigation or audit
- Full and complete disclosure of all unreported income
- Payment of full tax, interest, and CPI linkage
- Disclosure must be genuine (not tactical during audit)
- Cannot be used if criminal proceedings have already begun
- The ITA retains discretion to accept or reject the request
Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.