- Details of the efforts taken to obtain the financial information
- The date when the information is expected
- A description of the method used to estimate values.
Taxpayers are once again encouraged to apply for SVDP relief if they have undeclared foreign assets or income. In September 2017 SARS and the tax administrations of other countries will begin exchanging information on an automatic basis. This exchange of information will provide SARS with an international view of taxpayers, and the information will be used by SARS to initiate audits and even criminal investigations. The SVDP gives taxpayers an opportunity to regularise their affairs now, before this happens.