CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. South African Tax Amnesty Applicants May Apply For Filing Extension

South African Tax Amnesty Applicants May Apply For Filing Extension

by Robert Lee, Tax-News.com, London

29 June 2004


South African taxpayers fearful of missing the July 9 tax filing deadline whilst they await a decision from the country’s tax amnesty unit will be able to apply for a filing extension, it has emerged.

Around 8,500 taxpayers concerned about revealing still undeclared offshore assets submitted their tax returns directly to the Amnesty Unit last year.

However, processing of the amnesty applications has been slow, and a number of these taxpayers are unlikely to know if they have been successful before the July 8 deadline.

As a result, those who do not want to file their 2003/2004 returns direct to the South Africa Revenue Service may apply to the Amnesty Unit for a filing extension, a spokesman confirmed in reports.

Up to the end of the amnesty on February 29 this year, the unit had received almost 43,000 applications, only 5,000 of which have so far been processed.

The applications are being dealt with on a first come, first served basis and it is highly unlikely that the backlog will be cleared in time for the tax filing deadline, despite the hiring of extra processing staff.


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »