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Israel Tightens Rules for Voluntary Disclosure of Undeclared Assets
Israel's tax authority will soon implement a stricter voluntary disclosure procedure for undeclared assets and income, eliminating anonymous submissions and establishing different tracks based on asset size, income type, and activity, with a focus on scrutinizing undeclared shareholder withdrawals.
Israel Tightens Rules for Voluntary Disclosure of Undeclared Assets
Israel's tax authority will soon implement a stricter voluntary disclosure procedure for undeclared assets and income, eliminating anonymous submissions and establishing different tracks based on asset size, income type, and activity, with a focus on scrutinizing undeclared shareholder withdrawals.
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