Voluntary Disclosure Procedure: Key Insights | Adv. Doron Levy
The goal of the Voluntary Disclosure Procedure is to enable taxpayers who have not yet reported their income to settle their obligations without the risk of criminal proceedings. This initiative, aimed at reducing the government deficit that grew following the “Iron Swords” war, is expected to generate 2–3 billion shekels for the state treasury and […]
Adv. Doron Levy Explains Voluntary Disclosure for Israeli Cryptocurrency Investors
Appearing in a brief video, Adv. Doron Levy addresses the connection between Israel’s voluntary disclosure efforts and cryptocurrency. He notes that the crypto market functions independently from standard banking systems, resulting in limited reporting to the Israel Tax Authority (ITA). Recognizing the rapid increase in crypto valuations, the ITA has initiated steps to pursue tax […]
Navigating Retroactive Crypto Tax Calculations | Tax Lawyer Doron Levy
Join tax expert Doron Levy as he explores the challenges of retroactively calculating taxes for undeclared cryptocurrency income. Adv. Levy discusses the various factors that influence the final tax amount, including currency conversion rates and different tax rates. Through a detailed example, he shows how professional expertise can significantly impact the amount of tax owed, […]
New Voluntary Disclosure Procedure | Tax Lawyer Doron Levy
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 […]
