Voluntary Disclosure: Avoid Criminal Charges
For taxpayers who need to amend inaccurate tax filings, the Voluntary Disclosure Procedure offers a path to compliance without the risk of criminal prosecution. Covering income tax, property taxation, cryptocurrency, and VAT offenses, the procedure demands complete reporting, accurate liability calculation, and full payment. The Tax Department at Amit, Pollak, Matalon & Co. has developed […]
Video: Understanding Voluntary Disclosure for Crypto Assets
In a brief video, Adv. Doron Levy explores how cryptocurrency is influencing Israel’s approach to voluntary disclosure. He explains that crypto transactions occur outside traditional banking systems, which limits reporting to the Israel Tax Authority (ITA). With the increase in crypto values, the ITA is intensifying its efforts to establish tax collection practices in this […]