Declaration of assets in Israel - Atsarat Hon
Every 5 years on average, contractors must submit a declaration of assets and liabilities to the tax office. Taxes in Israel.
How do you prepare this document? What "accounting manipulations" can be used? And what will send you straight to the tax inspector's office?
Dray & Dray explains how this can quickly become a real headache.
Definition - What is Atzarat Hon?
As the name suggests, the Atsarat Hon - הצהרת הון is a declaration concerning all the assets and liabilities of a tax household on a defined day (for example: how many assets and liabilities do you have on December 31, 2015).
It is one of the preferred tools of the Israeli Tax Office for tracking and monitoring taxpayers' assets and cash inflows, and comparing them with their tax returns.
Have you received a request to declare your assets?
If you are an entrepreneur in Israel (Ossek Patour, Ossek Mourché) or if you are a shareholder of more than 10% in an Israeli company, you will be asked to fill out an Atsarat Hon every 5 years on average.
Here are a few articles that will help you understand what Atzarat Hon is all about:Here are a few tips for filling in your tax return.Tips to avoid when filling out your asset declaration.Questions & Answers : La Atsarat Hon.
Do you have any questions about your tax return? Don't hesitate to contact our firm and ask for the support of French-speaking professionals.