Israeli Tax Lawyer Doron Levy - Voluntary Disclosure
Tax lawyer Doron Levy leads the Tax and Class Action departments at Amit, Pollak, Matalon & Co. With over 25 years of experience, he is known as a top-tier tax expert who provides comprehensive legal counsel on diverse economic and fiscal issues.
Adv. Levy’s extensive expertise spans all areas of Israeli and international taxation, encompassing both direct and indirect taxes. His specialization covers a broad spectrum, including voluntary disclosure procedures, corporate tax, land and property tax, investment funding taxation, business transaction taxes, and complex real estate tax matters.
Tax lawyer Doron Levy also excels in international tax planning, negotiating with tax authorities, and representing clients in tax-related legal disputes. His clientele ranges from high-profile individuals to major national and global corporations, benefiting from his strategic tax solutions and exceptional legal acumen.
What is Voluntary disclosure?
Voluntary Disclosure is a legal process that allows taxpayers to disclose previously unreported income or assets to the Israeli Tax Authority (ITA). This initiative aims to encourage compliance with tax laws by allowing individuals and businesses to come forward voluntarily and rectify their tax affairs. By participating in this program, taxpayers can avoid severe penalties and, in some cases, criminal prosecution. The ITA typically provides favorable terms, including reduced fines and the possibility of settling unpaid taxes without facing harsh legal consequences, fostering a more transparent and cooperative relationship between taxpayers and the government.
The Voluntary Disclosure program is particularly relevant for those with undisclosed foreign assets or income, as global financial transparency increases and international cooperation on tax matters tightens. This program has been instrumental in helping the ITA recover significant tax revenue while allowing taxpayers to regularize their financial status. By taking advantage of Voluntary Disclosure, taxpayers can mitigate risks associated with non-compliance, benefit from a structured settlement process, and ensure their financial practices align with current legal standards.
Latest Updated
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