Israel will Exchange Information

The Israeli parliament approved Legislation on Bank Information exchange, which was initially published as part of the fiscal sections of the proposed Law on the Economic Arrangements accompanying the 2015-2016 Budget. The Legislation on Bank Information exchange expands the right of the Israeli Tax Authority to exchange information internationally. The Legislation on Bank Information exchange will allow Israel to meet, among others, its obligations under the Israel - United States FATCA Model 1A Agreement that was signed on June 30, 2014, and the Standard for Automatic Exchange of Financial Information of the OECD, known as the CRS or the Common Reporting Standard. See more, here: Israeli Legislation on Exchange of Information

See also:

Israel will Exchange Information on Bank Accounts

Israel will automatically exchange information

Israeli Banks and Foreign Residents

Dr. Avi Nov Law Offices, Israeli & international tax law
*This article is intended for informative purposes only and is in no way to be construed as tax advice or a legal opinion