Israel Tax Authority director Shay Aharonovich announced that the new voluntary disclosure procedure will be available until the end of 2025. According to Globes, he emphasized that this will be the final opportunity for Israelis who have failed to report assets and income to do so with reduced fines and protection from criminal prosecution.
If you want to understand the voluntary disclosure procedure, be sure to watch the explanation by Israeli tax lawyer Doron Levy.
Adv. Doron Levy appears in a short video to discuss how the latest wave of voluntary disclosure in Israel is partly driven by the rise
Tax Lawyer Doron Levy examines the conflicting trends in international tax legislation. While countries like Israel and Greece offer enticing tax holidays to attract immigrants,
“The consequences can be severe. The tax authorities can initiate civil and criminal proceedings if they discover unreported income or assets” – Adv. Doron Levy
In this video, Doron Levy explores Israel’s strategy to tax former residents’ dividends and assets, questioning the proposed legislation’s effectiveness. https://youtu.be/-_7L0ftS5ZE?si=kY6UfShWlvtm1BT6
