The Israeli Tax Authority published today an extension to the Temporary Voluntary Disclosure Procedure in Israel which was scheduled to expire today (September 7, 2015). As a result of this extension, taxpayers can still submit applications for voluntary disclosure under the anonymous route as well as the shortened route, as specified below. The revised expiration date has not yet been published by the tax authorities, and will be published at a later stage.
As we informed you in our previous circulars, on September 7, 2014, the Israeli Tax Authority published a Temporary Voluntary Disclosure Procedure. This procedure has had a significant success and until today, approximately 3,300 applications for voluntary disclosure have been submitted.