Voluntary Disclosure Procedure: How to Avoid Criminal Exposure

Similar to previous years, the Voluntary Disclosure Procedure is designed to encourage taxpayers to correct their tax reports. The procedure applies to violations under the Income Tax Ordinance, the Real Estate Taxation Law, and the VAT Law, allowing truthful reporting without fear of criminal proceedings. The Israel Tax Authority, in coordination with the State Attorney’s […]
Avoiding Penalties: Adv. Doron Levy on Voluntary Disclosure and Crypto Tax Compliance

In a recent video, Adv. Doron Levy highlights Israel’s voluntary disclosure approach, particularly regarding cryptocurrency. He points out that crypto operates outside conventional banking channels, meaning fewer financial transactions are reported to the Israel Tax Authority (ITA). With crypto values rising, the ITA must ensure proper tax collection from this rapidly evolving economic landscape. Levy […]
The Hidden Layers of Voluntary Disclosure and Crypto – Tax Lawyer Doron Levy

Tax attorney Doron Levy illuminates the intricacies of retroactively calculating taxes on undeclared crypto earnings. He explains the various factors that impact tax calculations, such as fluctuating dollar rates and the absence of direct shekel conversions. Through a case study on crypto tax evasion, Levy demonstrates the importance of seeking professional expertise to effectively navigate […]