{"id":8565,"date":"2025-10-05T06:58:54","date_gmt":"2025-10-05T06:58:54","guid":{"rendered":"https:\/\/aboulafia.co.il\/?p=8565"},"modified":"2025-10-05T06:58:54","modified_gmt":"2025-10-05T06:58:54","slug":"information-exchange","status":"publish","type":"post","link":"https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/information-exchange\/","title":{"rendered":"Information exchange"},"content":{"rendered":"<div dir=\"LTR\" style=\"text-align: left;\">The latest amendment to the tax law was publicized last week. Among the sections included in the new law was a section dealing with the circumstances in which the Israeli Tax Authority is permitted to exchange information with other tax authorities across the world.<\/div>\n<div dir=\"LTR\" style=\"text-align: left;\">Without going into the details of the law, suffice to say that we can expect the flow of information to start in the relatively near future (likely 2017, 2018 onwards), and those who have hitherto unreported income \u2013 specifically in foreign countries \u2013 are ever-more likely to become exposed.<\/div>\n<div dir=\"LTR\" style=\"text-align: left;\">It goes without saying that a person coming forward to the tax authorities ahead of them getting a knock on the door in the middle of the night is in a far superior position. And so, I would urge anyone who has any concern that they have income not reported to the Israeli tax authority to do so, and do it soon.<\/div>\n<div dir=\"LTR\" style=\"text-align: left;\">If you are unsure if income needs to be reported, see the\u00a0<a href=\"http:\/\/www.aboulafia.co.il\/are-you-required-to-file-a-2014-tax-return\/\">previous post<\/a> regarding who needs to file a tax return.<\/div>\n<div dir=\"LTR\" style=\"text-align: left;\">Further, for those who have an issue, it is worthwhile considering entering the Voluntary Disclosure Procedure \u2013 see more details\u00a0<a href=\"http:\/\/www.aboulafia.co.il\/voluntary-disclosure-extension-of-deadline-for-short-or-anonymous-claims\/\">here<\/a>.<\/div>\n<div dir=\"LTR\" style=\"text-align: left;\">Contact me today (details on the side of the blog) to discuss your personal circumstances and how best to \u201ccome clean.\u201d<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The latest amendment to the tax law was publicized last week. Among the sections included in the new law was a section dealing with the circumstances in which the Israeli Tax Authority is permitted to exchange information with other tax authorities across the world. Without going into the details of the law, suffice to say [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[178,182,190,200,201,203,212,253],"tags":[],"class_list":["post-8565","post","type-post","status-publish","format-standard","hentry","category-english-taxation-en","category-international-taxation-en","category-individual-taxation-us-en","category-israeli-taxation-en","category-voluntary-disclosure-en","category-israeli-and-international-tax-consulting-en","category-french-taxation-en","category-binyamin-radomsky-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Information exchange - \u05d0\u05d1\u05d5\u05dc\u05e2\u05e4\u05d9\u05d4 \u05e8\u05d5\u05d0\u05d9 \u05d7\u05e9\u05d1\u05d5\u05df<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/information-exchange\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Information exchange - \u05d0\u05d1\u05d5\u05dc\u05e2\u05e4\u05d9\u05d4 \u05e8\u05d5\u05d0\u05d9 \u05d7\u05e9\u05d1\u05d5\u05df\" \/>\n<meta property=\"og:description\" content=\"The latest amendment to the tax law was publicized last week. 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