Regularizing Tax Reports Safely
The Voluntary Disclosure Procedure allows taxpayers who have committed tax offenses—intentional or accidental—to correct their reports without facing criminal consequences. This procedure covers income tax, real estate tax, cryptocurrency, and VAT offenses. Full transparency, accurate tax calculations, and prompt payment are essential for compliance. Amit, Pollak, Matalon & Co.’s Tax Department has created a detailed […]
Israeli Crypto Investors and Voluntary Disclosure: Adv. Doron Levy Shares Key Insights
In a concise video, Adv. Doron Levy delves into Israel’s voluntary disclosure program, focusing on the role of cryptocurrency. He emphasizes that crypto’s independent ecosystem bypasses typical banking frameworks, which reduces reporting to the Israel Tax Authority (ITA). With crypto gaining value, the ITA is trying to close the gap in tax compliance within this […]