The Attorney General of Israel has authorized the release of a new voluntary disclosure procedure. This procedure allows Israelis who have previously hidden assets and evaded taxes to report their wealth and pay the owed taxes without facing criminal charges. It is particularly pertinent for individuals involved in cryptocurrency trading who have struggled with reporting and taxation of their earnings, according to Israel Tax Authority director Shay Aharonovich.
Are you interested in learning more about the voluntary disclosure procedure? Watch the explanation by tax lawyer Doron Levy.
