International Tax Attorney

In an era where businesses operate overseas, Israelis relocate abroad, and digital nomads work from any point on the globe – tax borders become blurred. The Israel Tax Authority operates on a "personal" basis, meaning: an Israeli resident is liable for tax on all worldwide income. Misunderstanding the "center of life" tests, errors in residency severance procedures, or failure to report foreign bank accounts and overseas income expose you not only to heavy double taxation payments, but also to massive penalties and a real risk of criminal proceedings for tax evasion.

Establishing your tax status in the international arena requires meticulous planning and reliance on Israeli law and tax treaties. The solution involves building a smart strategy for secure residency severance, implementing treaties for the prevention of double taxation between countries, and maximizing the benefits enshrined in law (such as a 10-year exemption from reporting and tax on foreign income for new immigrants and veteran returning residents). In cases where past liabilities have arisen due to failure to report overseas assets, it is possible to legitimize the funds through voluntary disclosure procedures or assessment agreements with the assessing officer, while neutralizing criminal exposure.

International tax planning tolerates no mistakes or amateurism. The law firm of Shlomi Vaknin & Co. provides a comprehensive shield and strategic guidance that bridges the gap between your business and personal reality abroad and the stringent requirements of the Israel Tax Authority. Our deep familiarity with the Tax Authority's enforcement policies, combined with expertise in both the criminal and civil spheres, enables us to tailor the most precise "tax suit" for you – one that will protect your capital, prevent excess tax payments, and ensure your peace of mind anywhere in the world.