11 February 2019
The CRS policy
The Israeli Tax Authority is about to share financial information as part of the CRS policy.
On February 6, 2019, The Israeli Tax Authority announced and published the list of countries
of which according to the CRS plan of action are about to receive the financial information.
This financial information is about to be shared with these countries Tax Authorities, will
include retroactive information from 2017 onwards.
The Tax Authorities plan is to share the information in three steps:
All the information from the year 2017, will be provided- before June 23, 2019.
The information from the year 2018, will be provided until September 2019.
All the information that is valid and relevant to the countries, which signed the
multilateral agreement and therefore committed to the CRS policy.
Among the countries, you will find The United Kingdom, Belgium, French, Luxemburg,
Malta, China, South Africa; including most of the European, American and Asian countries.
Do I have a reason to be worried?
Anyone who possess bank accounts in The Bank of Israel they "forgot to report" on their existence
to the foreign Tax Authorities.
Israel will share the same information with the other countries, so Israeli residents who are invested
or have business activities of any kind in foreign banks around the world in these countries signed the
multilateral agreement and committed to the CRS policy.
What can we do?
You better contact our experts and get yourself covered, so there will be no issues discovered later on.
Solving your taxation issues within Israel and outside of it at once, in the best and most efficient way.
Auren Israel has the experience needed to resolve your issues. Auren Israel is the Israeli office of the
international firm Auren and part of an international strong and widespread professional network of
associates, in more than 250 offices.
Let us take care of your issues and find the best solution globally to close the corner and be sure you
are on the safe side opposite these countries that are part of the agreement.
To review the full list of countries - Click here