- 1 Marks
TAX – Nov 2020 – L1 – SA – Q4 – Tax Incentives and Reliefs
Identify which taxpayers are not eligible to participate in VAIDS.
Question
Which of the following is NOT eligible to participate in the voluntary assets and income declaration scheme (VAIDS)?
A. Those that earned income or owned assets but were yet to register with the relevant tax authorities
B. Registered taxpayers who had additional disclosures to make or needed to amend prior disclosures; and/or were registered but were not filing returns
C. Taxpayers that were not fully declaring their taxable income and assets
D. Taxpayers that were underpaying or under remitting their taxes
E. Taxpayers that were engaged in tax disputes with the relevant tax authorities but were not prepared to settle the tax disputes out of court
Find Related Questions by Tags, levels, etc.
- Tags: Tax Compliance, Taxpayer Eligibility, VAIDS, Voluntary Disclosure
- Level: Level 1
- Topic: Tax Incentives and Reliefs
- Series: NOV 2020
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