For Israel, e-commerce tax challenges may lie ahead
The Israeli government has indicated it may soon propose a general reform of Israel’s international tax rules, having regard to OECD and other developments.
Source: jpost.com
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Which exchange rate applies to an M&A deal?
Many M&A deals are denominated in foreign currency, but Israeli tax reporting is done in shekels.
Source: jpost.com
What are CbC reports and what do they do?
The answer lies in the CbC reports, which will soon but belatedly be required in Israel. CbC reports will give the ITA eyes to see around the world what activities a multinational group has.
Source: jpost.com
Israeli tax regulations expand transfer-pricing reporting rules
Transfer pricing studies must now be filed within 30 days after any request from the ITA, instead of 60 days previously.
Source: jpost.com
Changes ahead for Israel in TP, master file and country-by-country reporting
Eyal Bar-Zvi of Herzog Fox & Neeman Law Offices explains why the burden of transfer pricing documentation will grow as taxpayers are required to submit further documentation, reports and data to comply with the new documentation requirements.
Source: internationaltaxreview.com