On 20 July 2016, the South African National Treasury published revisions to the Special Voluntary Disclosure Program (SVDP) as included in the revised 2016 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Amendment Bill and 2016 Draft Rates and Monetary Amounts and Amendment of Revenue Laws (Administration) Bill. The SVDP is intended to give non-compliant taxpayers one last chance to disclose their offshore activities before the exchange of financial account information begins u…