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”.
Voluntary Disclosure Procedure: How to Avoid Criminal Exposure
December 23, 2024
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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
