Published: October 15, 2024
In August 2024, the Israeli Tax Authority announced that its pilot voluntary disclosures program had heavily underperformed. The program had only yielded approximately NIS 30,000,000 (or approximately $CDN 10,000,000) in undisclosed income from Israeli taxpayers, falling well below the Israeli Tax Authority’s expectation that the program would yield hundreds of millions of Israeli shekels.
Disclaimer:
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."