Under the one-time FAST-DS scheme, eligible taxpayers can disclose specified foreign assets by 31 December, with tax and penalty relief for qualifying declarations. Around 1,100 taxpayers have filed applications so far under the scheme that was launched on August 16 and ends on December. Under FAST-DS, eligible taxpayers can regularise disclosures by paying tax at 30% of the fair market value of the relevant foreign assets, along with an equal amount as.