Expatriating to a new country can be complex, and tax implications are often a significant concern. In an interview with Globes, lawyer Doron Levy, a leading Israeli tax expert, dives into the challenges individuals face leaving Israel: “One of the primary challenges is navigating the complexities of tax treaties between Israel and the destination country. Tax treaties often determine which country has the primary right to tax certain types of income or gains, which can impact the application of expatriation tax. Additionally, individuals must consider how their assets will be treated upon emigration and whether they will face immediate tax consequences or deferred liabilities”.
Avoiding Penalties: Adv. Doron Levy on Voluntary Disclosure and Crypto Tax Compliance
November 17, 2024
No Comments
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,
