<h1>Disclosure of foreign assets: taxpayers notified to review and amend returns to correctly report foreign assets and income.</h1> Using CRS and FATCA information, the revenue authority will issue SMS and email notices to taxpayers identified as having undisclosed foreign financial assets or foreign-source income, advising them to review and revise their ITRs to correctly complete Schedule FA and Schedule FSI within a prescribed timeframe to avoid penal consequences.