The Israeli Tax Authority announced on November 28, 2016 hat after long negotiation with the Swiss Federal Department of Finance, both countries signed a joint declaration on automatic exchange...

Severe tax offences above a certain threshold are added to the list of predicate offenses.

The diamond and precious stones sector for a long time have encountered difficulties in Israel in reporting and regulating undeclared assets, as well as the taxation of the day-to-day business.

The VDP will be shortly amended to include also immunity from prosecution on money laundering offences under the PML.