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  • Make a voluntary disclosure

    You make a voluntary disclosure when you tell us about any false or misleading information, mistakes or omissions you've made in returns or statements you've lodged.

    Making a voluntary disclosure will enable you to correct your tax affairs. You don't have to admit liability when you make a voluntary disclosure but you'll still have to pay any tax you owe and any interest and penalties we apply.

    You should review your affairs and make a voluntary disclosure if:

    • you have income that you haven't disclosed
    • you have claimed deductions that you weren't entitled to
    • you have claimed credits that you weren't entitled to
    • you have made statements about your tax affairs that were false or misleading.

    We have access to information and data resources about the income and assets you own and we share information with over 100 tax jurisdictions around the world.

    We encourage you to contact us about your tax affairs before we contact you.

    You can still make a voluntary disclosure for an accounting period if we have told you that we are reviewing your tax affairs for that period. You'll need to disclose any errors to the case officer conducting your review.

    If you make a voluntary disclosure, you can generally expect a reduction in the administrative penalties and interest charges that would normally apply.

    Any such reduction depends on when you tell us about the correction. Generally, the reduction is greater if you make the disclosure before we notify you of an examination.

    You can object to an assessment, including tax, penalties and interest, that you believe is incorrect, or ask for it to be reviewed, even when the assessment relates to your voluntary disclosure.

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    Last modified: 18 Dec 2020QC 33800