Texas Comptroller Publishes Information on Voluntary Disclosure Program to Report Unpaid Franchise, Sales, Excise Taxes

The Texas Comptroller of Public Accounts Aug. 1 published information on a Voluntary Disclosure Agreement (VDA) program for franchise, sales and use, and excise taxpayers to report previously unpaid or underpaid taxes to the comptroller’s office. The program provides a taxpayer with the opportunity to pay the taxes voluntarily, with relief from penalties and interest. Statutory penalties and interest will be waived, except interest on taxes collected and not remitted. The publication outlines: 1) the eligibility criteria for taxpayers to enter a VDA; 2) the application process and required information for a traditional as well as a fast-track VDA; 3) ...