Benefits

• Elimination of taxes that should have been owed.
• No administrative or criminal sanctions are imposed.
• No audits, preliminary evidence examinations, or investigations are conducted.
• Termination of the audit process, preliminary evidence examination, or investigations.
• Income tax exemption for transfers of additional assets.
• Guaranteed confidentiality of tax amnesty data cannot be used as the basis for any criminal investigations or inquiries.

Do not participate?

This Tax Amnesty is a unique opportunity for taxpayers who have not yet reported their entire assets. The last Tax Amnesty policy took place 32 years ago, in 1984, and it will not be available again for at least the next few decades.

Taxpayers who do not participate in the Tax Amnesty program but whose net assets are found to be unreported will be treated as income upon discovery and subject to tax and administrative sanctions in accordance with applicable tax regulations.