Read the full interview with Adv. Doron Levy on the Globes website: “Expatriation tax, often referred to as exit tax, is a tax imposed by a country on individuals who cease to be tax residents of that country due to a change in residency status, typically when someone moves to another country. This tax is designed to capture unrealized gains or income that would otherwise go untaxed when the individual leaves the country of origin. It’s essentially a way for the original country of residence to ensure it receives its share of taxes on accrued wealth or income before the taxpayer relocates”.
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