{"id":4287,"date":"2019-02-11T14:56:27","date_gmt":"2019-02-11T13:56:27","guid":{"rendered":"https:\/\/aurenweb-stg.servidortemporal.net\/il\/new\/the-crs-policy\/"},"modified":"2019-02-11T14:56:27","modified_gmt":"2019-02-11T13:56:27","slug":"the-crs-policy","status":"publish","type":"new","link":"https:\/\/aurenweb-stg.servidortemporal.net\/il\/news\/the-crs-policy\/","title":{"rendered":"The CRS policy"},"content":{"rendered":"<p><strong><em>The Israeli Tax Authority is about to share financial information as part of the CRS policy.<\/em><br \/><\/strong><\/p>\n<figure><a href=\"https:\/\/taxes.gov.il\/IncomeTax\/documents\/inttaxation\/listofparticipatingcountrieswhichisraeltransmitinformationundercrs-2019.pdf\"><img decoding=\"async\" src=\"https:\/\/d33c2a5xmvj7uh.cloudfront.net\/images\/originals\/shutterstock-475139794-s.jpg?v=1549896475\" data-image=\"9994746\" alt=\"The CRS policy\" title=\"The CRS policy\"><\/a><\/figure>\n<\/p>\n<p>On February 6, 2019, The Israeli Tax Authority announced and published the list of countries&nbsp;<\/p>\n<p>of which according to the CRS plan of action are about to receive the financial information.<\/p>\n<p>This financial information is about to be shared with these countries Tax Authorities, will&nbsp;<\/p>\n<p>include retroactive information from 2017 onwards.<\/p>\n<p><strong><br \/><\/strong><\/p>\n<p><strong>The Tax Authorities plan is to share the information in three steps:   <\/strong><\/p>\n<p><strong>First step:<\/strong><\/p>\n<p>All the information from the year 2017, will be provided- before June 23, 2019.   <\/p>\n<p><strong>Second step:<\/strong>   <\/p>\n<p>The information from the year 2018, will be provided until September 2019.   <\/p>\n<p><strong>Third step:<\/strong>   <\/p>\n<p>All the information that is valid and relevant to the countries, which signed the&nbsp;<\/p>\n<p>multilateral agreement and therefore committed to the CRS policy.   <\/p>\n<p>&nbsp;   <\/p>\n<p>Among the countries, you will find The United Kingdom, Belgium, French, Luxemburg,&nbsp;<\/p>\n<p>Malta, China, South Africa; including most of the European, American and Asian countries.<\/p>\n<p>&nbsp;   <\/p>\n<p><strong>Do I have a reason to be worried?<\/strong><\/p>\n<p>Anyone who possess bank accounts in The Bank of Israel they &#8220;forgot to report&#8221; on their existence<\/p>\n<p>to the foreign Tax Authorities.&nbsp;<\/p>\n<p>Israel will share the same information with the other countries, so Israeli residents who are invested&nbsp;<\/p>\n<p>or have business activities of any kind in foreign banks around the world in these countries signed the&nbsp;<\/p>\n<p>multilateral agreement and committed to the CRS policy.<\/p>\n<p>&nbsp;   <\/p>\n<p><strong>What can we do?<\/strong>   <\/p>\n<p>You better contact our experts and get yourself covered, so there will be no issues discovered later on.&nbsp;<\/p>\n<p>Solving your taxation issues within Israel and outside of it at once, in the best and most efficient way.<\/p>\n<p>Auren Israel has the experience needed to resolve your issues. Auren Israel is the Israeli office of the&nbsp;<\/p>\n<p>international firm Auren and part of an international strong and widespread professional network of&nbsp;<\/p>\n<p>associates, in more than 250 offices.<\/p>\n<p>Let us take care of your issues and find the best solution globally to close the corner and be sure you&nbsp;<\/p>\n<p>are on the safe side opposite these countries that are part of the agreement.<\/p>\n<p>&nbsp;   <\/p>\n<p>To review the full list of countries &#8211; <a href=\"https:\/\/d33c2a5xmvj7uh.cloudfront.net\/files\/listofparticipatingcountrieswhichisraeltransmitinformationundercrs-2019.pdf?v=1549896940\" data-file=\"9994747\">Click here<\/a>     <\/p>\n<p>&nbsp; <\/p>\n<p><!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>List of Countries<br \/>\nThe Israeli Tax Authority is about to share financial information as part of the CRS policy.<\/p>\n","protected":false},"featured_media":4288,"template":"","meta":{"_acf_changed":false,"footnotes":""},"new-category":[],"class_list":["post-4287","new","type-new","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - 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