<h1>Government Crackdown on Undisclosed Foreign Income: New Rules to Boost Tax Compliance and Avoid Legal Penalties.</h1> A press release dated August 20, 2015, addresses the issue of undisclosed foreign income and assets. It highlights the government's initiative to tackle tax evasion by requiring individuals to declare foreign income and assets. The measure aims to increase transparency and accountability, ensuring compliance with tax regulations. This effort is part of a broader strategy to curb illegal financial activities and enhance the country's revenue system. The press release emphasizes the importance of adhering to these requirements to avoid penalties and legal consequences.