REGISTRATION OF UNDECLARED CAPITALS ABROAD

The Tax Reform establishes a transitional regime for one year, which will come into effect two months after the publication of the Reform. Consequently, it will be possible to declare assets located abroad (rents and goods of all kinds, including real estate), and pay a single tax at a 10% tax rate of the equity value of the respective asset.
The equity value of the assets must be declared on the tax return for the 2020 Fiscal Year.