Italians declared €95 billion ($136.59 billion) in assets under a tax-amnesty plan, the country's Economy Ministry said Tuesday, noting that 98% of the money will be brought to Italy from offshore.

In October, the Italian government launched the tax-amnesty plan -- the third in the past eight years -- which gave Italians through Dec. 15 to repatriate funds from tax havens outside the country. Under the plan, individuals would have to pay a 5% fine on the total amount of assets repatriated and wouldn't have to declare how they earned the money.