• Tue. Mar 5th, 2024

Chamber of Auditors Urges Delay in Implementation of Tax Evasion Measure Amidst Ongoing War

ByEditor

Feb 12, 2024
Auditors Chamber of Israel warns of ‘unprecedented actions’

The Tax Administration has been urged by the Chamber of Auditors to delay the implementation of a mechanism designed to combat tax evasion and fictitious receipts. This measure, known as pre-reservation of tax receipts for transactions of more than NIS 25,000, was supposed to take effect on April 1, 2024. However, the Chamber of Auditors believes that the ongoing war has caused significant challenges for reservists and evacuees whose businesses have already suffered. As a result, they cannot afford to deal with additional bureaucracy at this time. If the decision is not made to postpone the implementation of this measure, the Chamber of Auditors warns that unprecedented measures may be necessary.

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