Income Tax Department Urges Taxpayers With UAE and Other Assets Abroad to Disclose Foreign Assets Under FAST-DS The Income Tax Department is encouraging selected taxpayers to disclose assets abroad under a new program. This initiative is aimed at people who own assets in the UAE and other countries. About 1,100 taxpayers submitted an application as part of the program for the disclosure of the foreign assets of small taxpayers, which is open until December 31. In addition, the department is expanding access to information on foreign assets previously reported by overseas jurisdictions.

Income Tax Department Urges Taxpayers With UAE and Other Assets Abroad to Disclose Foreign Assets Under FAST-DS The Income Tax Department is encouraging selected taxpayers to disclose assets abroad under a new program. This initiative is aimed at people who own assets in the UAE and other countries. About 1,100 taxpayers submitted an application as part of the program for the disclosure of the foreign assets of small taxpayers, which is open until December 31. In addition, the department is expanding access to information on foreign assets previously reported by overseas jurisdictions.