Voluntary Disclosure in Israel

Overview

Voluntary disclosure is a process allowing individuals and entities to report previously undeclared/unreported income or assets to the tax authorities in Israel. This initiative can help taxpayers rectify past mistakes while minimizing penalties.

Benefits of Voluntary Disclosure 

• Legal Peace of Mind:  Regularize your tax status, verify tax compliance and avoid future legal complications including exposure to criminal proceedings.
• Taking care of unreported income, not leaving it for the next generation to deal with.
• Reputation Protection: Mitigate the risks associated with public disclosures and audits.
• Reduced Penalties: Take advantage of lower fines and interest charges.

Our Services 

• Preparing and submitting voluntary disclosure applications.
• Strategic advice on the best approach to reporting.
• Representation during negotiations with tax authorities.