Israel is a country that takes the rule of law in all areas of life very seriously with no exceptions in the rules of doing business. Thus, the Israeli authorities are very attentive to any violations of tax legislation, which, as any businessman knows, is very confusing and can plunge a newcomer into a real stupor. But ignorance of all the nuances – absolutely does not exempt from liability for violation of tax laws. In order not to be taken by surprise and understand the main risks that you take, choosing an unscrupulous accountant or trying to conduct your financial affairs yourself without really understanding them, we have collected for you all the main troubles that an entrepreneur may expect in cases of problems with tax authorities.
As you can see, there are a lot of penalties for tax violations in Israel, and they are very serious. It is not even worth it to be a seasoned criminal and specifically hide the earned money. A couple of oversights in accounting and you can already expect the consequences and unpleasant communication with the fiscal authorities. To avoid such problems and liability for violation of tax laws, it is better to entrust the conduct of their affairs to professionals. In Israel, accounting is best handled by the Shmuel Brodecki Roe Hashbon company.
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