Wat is de “OVDP” en wat betekent het als u deze optie gebruikt?
ODVP staat voor Offshore Voluntary Disclosure Program. De Amerikaanse belastingdienst (IRS) heeft verschillende versies gehad van het programma van wat nu ODVP wordt genoemd. Elke versie van de OVDP vereist het indienen van 8 jaar aan belastingteruggaven en 6 jaar aan FBAR’s. Daarnaast zijn er bijlagen met ondersteunende documentatie nodig.
Het meedoen aan de OVDP optie is zeer tijdrovend en over het algemeen erg duur (zowel de gemaakte kosten als boetes). Het programma is echter aantrekkelijk voor belastingbetalers die een reële kans maken op strafrechtelijke sancties. Meer informative over het meest recente ODVP programma kunt u lezen op de site van de IRS, Amerikaanse belastingdienst.
Generally, taxpayers entering the OVDP, are those taxpayers who have criminal tax exposure with respect to their tax noncompliance; that is, their tax noncompliance was willfully done. By entering the OVDP, the risk of criminal prosecution basically disappears. In “exchange” for the IRS not recommending such criminal prosecution to the US Department of Justice, a taxpayer is subject to various penalties. Such a taxpayer must make full payment of tax deficiencies and interest on the back taxes due for the OVDP Time Period, which is generally 8 years. Interest is compounded daily. For each year in the OVDP Time Period, if applicable, the taxpayer is subject to the normal “failure to file” and “failure to pay” penalties (which are basically 50% of the tax due each year) and/or the accuracy-related penalty which is 20% of the tax due for the particular year. Furthermore, in place of all other tax or information return penalties that may otherwise be applicable, a 27.5% “in lieu” penalty will be assessed under the OVDP. The penalty is assessed on the highest aggregate offshore account / asset value in any year covered by the OVDP. A person must determine the highest aggregate offshore account / asset value in each of the 8 years covered by the OVDP. Then choose the year which has the highest total (only one year will yield the highest total value). The 27.5% penalty will be applied only to that “highest” year. In certain cases, the 27.5% penalty will be increased to 50%. See IRS OVDP FAQ 7.3.
Not all offshore assets are necessarily added into the OVDP penalty base. The offshore penalty is intended to apply to all offshore holdings that are related in any way to “tax noncompliance”. Thus, the value of artwork purchased with undeclared investment income would be included in the penalty base. Similarly, the value of a home purchased abroad with untaxed salary would be dragged into the penalty base; as would the value of an overseas apartment on which rental income had not been reported by the taxpayer. However, if the taxpayer purchased the house with previously taxed funds and never rented out his home, but only resided in it, there would be no “tax noncompliance” associated with the house and its value would not be included in the penalty base.