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 the Tax Authority’s efforts to regulate the reporting of cryptocurrency-related income.
How should one proceed correctly under this procedure? A comprehensive guide (Hebrew) awaits you at the Amit, Pollak, Matalon & Co Tax Department.
