A new legislation, amending the Israeli Income Tax Ordinance, was introduced recently which will allow Israel to join the automatic exchange of information mechanism developed by the OECD. This means that all bank accounts will be potentially accessed by the tax authorities worldwide. See more here: Israel will automatically exchange information See also Israeli Banks and Foreign Residents Israel will Receive Information from Tax Havens See also Israeli New Voluntary Disclosure Program Israeli Tax Authority Collects Information Israeli Tax Authority Hunts Undeclared Income Israel will Receive Information from Tax Havens Tax Havens are Attractive for Israelis Dr. Avi Nov Law Offices, Israeli & international tax law
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