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 minimize the need for tax increases.
Want to know how to proceed correctly? The experts at the Tax Department of Amit, Pollak, Matalon & Co. have prepared a guide for you (Hebrew).
