The program gives Israelis the option to voluntarily disclose previously unreported overseas earnings or bank accounts without incurring criminal penalty.
FATCA disclosure agreement takes effect, worrying some Israeli-Americans
In September of 2014, the authority launched a voluntary disclosure procedure that would allow Israelis who had failed to report path to come clean without facing criminal charges.
Having a Swiss bank account is not illegal in Israel as long as it is reported to authorities and taxes are paid.
The reason for the minimum wage increasing twice as much in the US as in Israel is not only to actions of the current Obama administration, but also those of the previous government.
A proposal to require olim to disclose exempt foreign income and gains arising in their 10-year Israeli tax holiday did not make it past the cabinet.
Residents of 402 towns will now receive the benefit, as opposed to 182 previously.
The basics you need to know about filing taxes in Israel.
The basics you need to know about filing taxes in Israel.
Israeli business law follows Western principles thanks to British rule from 1917-1948, the hi-tech revolution of the last 20 years and OECD membership since 2010.
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