Israeli Banks, Tax issues of Foreign Residents

Several Israeli banks started recently to require foreignholders of accounts to sign a declaration that all the money held by them had been reported to the tax authorities in their home country and that they had paid everything that was due accordingly. If someone
refuses to sign the declaration, the Israeli bank may reject a request by that person to withdraw money from the account. See:Israeli Banks and Foreign Residents

Dr. Avi Nov, Adv