Government rolls out foreign asset disclosure scheme for small taxpayers
Taxpayers will pay a 30% tax on the value of the declared undisclosed foreign asset or income, plus an additional amount equal to the tax, effectively taking the levy to 60%
· 8/15/2026, 5:10:03 PM· 2 min read
Taxpayers will pay a 30% tax on the value of the declared undisclosed foreign asset or income, plus an additional amount equal to the tax, effectively taking the levy to 60%
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