The government has introduced a draft bill to amend the Arrangements Law, which will affect the Income Tax Ordinance, VAT Law, Real Estate Taxation Law, and other related laws. Adv. Doron Levy has explained on Globes the proposed changes and suggested ways to prepare for them: “We believe that if the amendment is accepted, the above proposition will weaken the strength of the taxpayer in those deliberations”.
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