With the end of the tax year fast approaching, here are a few action items that may be relevant. For Individuals If you haven’t already done so, make a claim for the Working Tax Grant (negative income tax) in respect of 2016 income. The deadline is December 29. If you pay Bituach Leumi without using a standing order, pay by the end of the year to receive the deduction for tax purposes. Those paying on standing order will have the January payment included in the 2017 certificate. Make donations to recognized charities (section 46), and ensure the receipt is dated 2017. Start collecting information for “short” tax returns, if

In the new year, Israel’s governmental authorities will be implementing automatic trades of tax information with other countries, known as the Common Reporting Standard (CRS). In anticipation, the Israeli Tax Authority is offering taxpayers the opportunity to voluntarily disclose previously unreported assets and income. In exchange for volunteering this information and paying the proper owed taxes on the income, people will be able to avoid prosecution for tax evasion. The disclosure facility is available until the end of 2019. The Israeli government successfully recovered NIS 3 billion in unpaid tax revenue during the last period for voluntary disclosure, which ran from