Tax Authority targets Israelis’ ties with Cyprus
Categories: Tax
Against the background of the increasing attractiveness of Cyprus as a relocation and investment destination for Israelis, the Israel Tax Authority recently launched an operation to identify assets, income, and companies of Israelis on the neighboring island on which the Tax Authority believes tax should be paid in Israel. You can read more in Globes.
This follows on from a report in Globes that new immigrants to Israel will need to report income and assets abroad.
