Accountant Arrested for Allegedly Evading NIS 1.8 Million in Taxes
Translated & summarized from JDN by baba
An accountant from Rosh HaAyin, Shlomo Tzedekia, was arrested on suspicion of evading NIS 1.8 million in taxes related to a client's NIS 60 million stock sale. The Tax Authority alleges Tzedekia omitted the capital gains income from the client's tax report, thus avoiding wealth tax payments. The investigation involved a covert and overt phase, with evidence seized and testimonies taken. The Tax Authority reminded the public that withholding tax is not a substitute for full reporting and wealth tax obligations.
The story in 6 lines · by baba
- Accountant Shlomo Tzedekia arrested for allegedly evading NIS 1.8 million in taxes.
- The alleged tax evasion involved omitting income from a client's NIS 60 million stock sale.
- The client sold shares in an innovative technology company to a US firm in 2023-2024.
- Tzedekia allegedly failed to declare capital gains, avoiding wealth tax payments.
- The Tax Authority conducted a covert and overt investigation, seizing evidence.
- Withholding tax is not a substitute for full reporting and wealth tax obligations.
An accountant from Rosh HaAyin, Shlomo Tzedekia, has been arrested on suspicion of evading approximately NIS 1.8 million in taxes. The investigation, conducted by the Tax Authority's Central Investigations Unit, revealed that Tzedekia allegedly omitted income from his client's personal tax report. Tzedekia represented a client who held significant shares in an innovative technology company and assisted in the sale of these shares to an American firm between 2023 and 2024. Although Tzedekia handled the client's annual report and capital gains declarations, the income from the stock sale was allegedly not included. Computer analysis by the Investigations Division's intelligence unit indicated that the client received around NIS 60 million through a trustee. While a 30% withholding tax was deducted as an advance payment, it was clarified that this was only an advance. The law also mandates an additional 3% wealth tax on income exceeding a certain threshold, with a further 2% applicable from 2025 on capital gains above the ceiling. By not declaring this income, the suspect allegedly prevented the payment of the required wealth tax, totaling about NIS 1.8 million. During the investigation, searches were conducted, evidence was seized, and further testimonies were collected. The Tax Authority emphasized that withholding tax does not exempt individuals from full reporting obligations and the payment of wealth tax on one-time capital gains exceeding legal thresholds. The investigation is ongoing.
The same event, reported separately by each outlet. Open a few to compare what different newsrooms emphasize — and what they leave out.
Centre 1Haredi 1Other 3
Not the same event — other stories that share this one’s people, places, or theme: background, reactions, and follow-ups.
