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 […]
Tax Lawyer Doron Levy: Understanding Voluntary Disclosure on Cryptocurrency
In this informative video, tax lawyer Doron Levy explains the complexities of retroactively calculating taxes for undeclared cryptocurrency income. He discusses how different interpretations and currency rates are crucial in determining the final tax amount. By examining a hypothetical case of voluntary disclosure, Adv. Levy underscores the importance of consulting with experienced tax professionals to […]