Tax and Banking Secrecy in Israel

The Israeli Tax Authority is moving ahead with the battle against owners of unreported overseas bank accounts. In recent months, the Israel Tax Authority has been conducting a great and complex investigation into unreported overseas bank accounts held by Israelis in foreign banks, mostly in Swiss banks. The Israeli Tax Authority estimated that approximately NIS 50 billion is held in unreported overseas bank accounts by Israelis around the world. For more details, see: Israeli Taxation and Banking Secrecy

See also:

Israeli Banks and Tax Compliance
Israeli Banks and Foreign Residents
Voluntary Disclosure - Deadline delayed
Israel's new voluntary disclosure of offshore income

Dr. Avi Nov Law Offices, Israeli & international tax law 

Israel - Exchange of Information on Bank Accounts

Israeli banks will exchange information on accounts held by foreign residents from EU countries, according to officials in the Ministry of finance. This new policy follows the practice already implemented by the Israeli banks regarding accounts held by US persons. The information that will be exchanged includes balances, deposits and income received on Israeli bank accounts.

For more details, see: Israel will Exchange Information on Bank Accounts

See also:

Israel and U.S. Sign FATCA Agreement

Israeli Banks and Foreign Residents

Dr. Avi Nov, Adv.

Israel United States FATCA Agreement

Israel and the United States signed recently the FATCA Agreement that aims to improve international enforcement of taxes in relation to bank accounts, and for implementing provisions of the US Foreign Accounts Tax Compliance Act.

See:
Israel and U.S. Sign FATCA Agreement

See also: New Israeli Bill to implement FATCA