Doron Levy, an Israeli tax lawyer, explains the multifaceted nature of dealing with undeclared crypto income. In this video, he outlines how retroactive tax calculations are influenced by various interpretations and expert judgments. Through an example of the voluntary disclosure process, Adv. Levy highlights the critical role of experienced tax professionals in achieving optimal tax results, underscoring the importance of professional guidance in this complex field.
Adv. Doron Levy on the Risks of Tax Non-Compliance in Cryptocurrency – TechBullion
“The consequences can be severe. The tax authorities can initiate civil and criminal proceedings if they discover unreported income or assets” – Adv. Doron Levy