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POSSIBILITY TO REGULARIZE THE TAX BASIS OF FOREIGN ASSETS

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POSSIBILITY TO REGULARIZE THE TAX BASIS OF FOREIGN ASSETS

Equity tax and voluntary disclosure program 

Assets other than inventories with a value lower than the fair market value could be regularized  

 

Taxpayers who have included foreign assets other than inventories for less than its market value in previous income tax returns ​​could adjust their value by including it within the tax base of the tax enshrined for the voluntary disclosure that would be submitted in 2019.