The attorney general in Israel approved the publication of a new voluntary disclosure procedure that will enable Israelis who, up to now, have concealed wealth from the state and not paid taxes to make a report and pay the tax they owe without fearing criminal proceedings. The procedure is especially relevant for people who deal in cryptocurrencies and have had difficulty in regularizing their profits from the point of view of reporting and taxation, Israel Tax Authority director Shay Aharonovich announced.
Do you want to know more about the voluntary disclosure procedure? Watch the explanation of tax lawyer Doron Levy below.
