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BB-5 - shaham moag is a financial reporting form used to report foreign assets and income to the Israeli tax authorities.
Israeli residents who have foreign assets and income exceeding certain thresholds are required to file BB-5 - shaham moag.
BB-5 - shaham moag can be filled out online through the Israeli tax authorities' website or by using a certified tax advisor.
The purpose of BB-5 - shaham moag is to ensure that Israeli residents accurately report their foreign assets and income for tax purposes.
Information such as the type of foreign asset, its value, income generated from it, and any relevant tax treaties must be reported on BB-5 - shaham moag.
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