Voluntary Disclosure Procedure Guide | Tax Department of Amit, Pollak, Matalon & Co.
The Director of the Israel Tax Authority, Shai Aharonovitch, announced the renewal of the Voluntary Disclosure Procedure this past summer. This procedure allows taxpayers who failed to report income from various sources—such as the capital market, property rentals, and cryptocurrency—to regularize their reporting without the risk of criminal proceedings being initiated. This initiative aligns with […]
Navigating Voluntary Disclosure in Cryptocurrency: Insights from Adv. Doron Levy
In a short video, Adv. Doron Levy discusses how voluntary disclosure policies in Israel are increasingly focused on cryptocurrency. He explains that crypto operates within its financial ecosystem without traditional banking oversight, making monitoring transactions challenging for the Israel Tax Authority (ITA). With crypto values rising, the ITA is increasing efforts to ensure tax compliance […]
Crypto Tax Evasion: Tax Lawyer Doron Levy Unraveling the Complexity of Voluntary Disclosure
In this video, tax lawyer Doron Levy delves into the intricacies of handling undeclared crypto income. He explains how the retroactive calculation of taxes involves multiple interpretations and professional judgment. Using a hypothetical case of a person evading crypto taxes, Adv. Levy illustrates the complexities in determining profits, tax rates, and currency conversions. He emphasizes […]
Video: Tax Lawyer Doron Levy on Voluntary Disclosure
The attorney general in Israel approved the publication of a new voluntary disclosure procedure that will enable Israelis who, up to now, have concealed wealth from the state and not paid taxes to make a report and pay the tax they owe without fearing criminal proceedings. The procedure is especially relevant for people who deal […]
