Have you ever heard of the "Asset and Liability Statement" and the "Foreign Asset Statement"?

These documents may not be very familiar, but their submission to the tax office is mandatory.
This video provides a thorough explanation of these two systems, who is subject to them, and what they need to be included.
Watch the video to determine if you are subject to them.
Please check carefully.
Please watch until the end!

00:00 Opening
01:41 What is the Asset and Liability Statement? What is the Foreign Asset Statement?

03:15 Persons Subject to and Contents of Asset and Liability Statements
06:13 Persons Subject to and Contents of Overseas Asset Statements
08:44 Benefits of Submission and Risks of Not Submitting
10:32 Deep Connection to Inheritance
13:50 Ending

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