Arrangement of the status of foreign assets of Israeli residents
Adv. Doron Levy, senior partner and head of the tax practice, was interviewed to "Kol hazman" magazine:
"The tax system used in Israel does not depend on the location of the person's assets or the person's place of residence when he purchased those assets. My recommendation is that any person who lives in Israel and holds assets directly or indirectly outside the country should contact an attorney in order to arrange the status of the assets with the Israel Tax Authority. Otherwise they will be subject to severe economic sanctions and the filing of an indictment for criminal offenses that could result in imprisonment "
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