Year
2025
Reform Domain
Anti Corruption
Sub Domain
Fiscal Transparency
Source of Reform Proposals
Anti-Corruption Commission Reform Commission Report
Reform Proposed
Reform Initiated
Legal and Policy Framework
Operationalisation
Action Implementation
Stage of Implementation
Reform Proposed
Last Update: 14-Dec-25
This reform proposal, articulated in the Anti-Corruption Commission Reform Commission Report, was officially initiated.
Reform Initiated
Last Update: 14-Dec-25
This reform proposal has been included in the July Charter, which calls for the formulation of a specific act. 31 negotiating political parties and alliances agreed to this proposal, except for LDP.
Observation
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In the proposed FY2027 Budget, the government included a provision that would have allowed previously undisclosed income to be invested in land and real estate by declaring the actual transaction value, paying the applicable tax and penalty, and without being questioned by any authority regarding the source of the disclosed funds. However, before the Finance Bill, 2026 was passed by Parliament on 29 June 2026, the proposed source-immunity provision was withdrawn. Under the enacted framework, although previously undisclosed income may still be disclosed upon payment of the applicable tax and an additional 10% penalty, such disclosure does not provide immunity from scrutiny by the relevant authorities.
Resources