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<h1>Undisclosed offshore assets declared within deadline taxed at 30% of value as of law commencement</h1> Notwithstanding any other tax law, an undisclosed asset situated outside the country that is declared under the specified declaration provision within the prescribed time is subject to a tax equal to 30% of its value as assessed on the act's commencement date; this charge applies despite provisions in other income-tax or finance legislation and is calculated on the asset's value at the commencement of the legislation.