“The consequences can be severe. The tax authorities can initiate civil and criminal proceedings if they discover unreported income or assets” – Adv. Doron Levy warns about the potential penalties for not reporting cryptocurrency income, discussing on TechBullion the increasing scrutiny from tax authorities and the risks of hefty fines or even imprisonment.
How to Correct Tax Reports Without Criminal Sanctions | Adv. Doron Levy
The Voluntary Disclosure Procedure continues its primary objective from previous years: allowing taxpayers who have committed tax offenses—intentionally or by mistake—to regularize their reports without
