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 […]
Will Wealthy Immigrants Continue to Shape Global Tax Policy? Watch: Lawyer Doron Levy
In this video, tax lawyer Doron Levy examines how wealthy immigrants influence tax policies worldwide. Countries like Israel offer long-term tax breaks, encouraging the return of high-net-worth residents. But as the UK prepares to end its non-domicile tax status, Adv. Levy discusses how such changes can lead to an exodus of wealth, reshaping the tax […]
Why Confidentiality Matters: Doron Levy on Voluntary Disclosure and Crypto | TechBullion
Tax lawyer Doron Levy outlines the significance of confidentiality in voluntary disclosure, especially in the rapidly evolving field of cryptocurrency, and how legal protection is paramount in negotiations with tax authorities (From TechBullion): “When you approach the tax authorities with voluntary disclosure, you do so on the condition of anonymity. Your lawyer acts as a […]
Tax Evasion: The Exit Tax Challenge in Israel | Adv. Doron Levy
Watch Doron Levy as he examines Israel’s efforts to strengthen its exit tax laws and the potential pitfalls in tracking the assets and dividends of former residents. https://youtu.be/-_7L0ftS5ZE?si=kY6UfShWlvtm1BT6
Adv. Doron Levy: Tax Troubles Ahead – Relocation from Israel to the U.S. | Watch
Relocating from Israel to the United States is not just about adjusting to a new culture but also navigating complex tax regulations. Tax lawyer Doron Levy sheds light on the challenges those who sell property after their move face. While Israel imposes an exit tax on property gains made before the move, the U.S. does […]
Residency vs Citizenship: Tax Lawyer Doron Levy | Globes
Tax lawyer Doron Levy shares crucial insights on residency status and its tax implications for Israelis. Discover the key takeaways that could affect your financial planning: “Only in one case of the USA tax is levied in respect of Citizenship. Citizenship is a legal status that doesn’t depend on physical presence. Residence is a hybrid […]
Essential Tax Information for Leaving Israel: Tax Lawyer Doron Levy
In this informative video, tax expert Doron Levy provides vital information for those leaving Israel. Discover what you need to know about tax responsibilities, reporting requirements, and financial planning for a seamless departure. https://youtu.be/6-zs9cVegfI?si=97x82FNd6uYsOpBy
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 […]
Israeli Tax Lawyer Doron Levy Summarize Voluntary Disclosure | Video
Israel Tax Authority director Shay Aharonovich has introduced a new voluntary disclosure procedure. This initiative allows Israelis who have previously hidden assets and evaded taxes to report their wealth and pay the owed taxes without fearing criminal prosecution. To learn more about the procedure, watch this clip featuring tax expert Adv. Doron Levy. https://youtu.be/gJh6fZM-l-0?si=afmGVNSnHJmo3W7I
