2020 Tax Alerts and Circulars - Israel

Following is a list of our latest Tax alerts & circulars in Hebrew.

• 1.2020
  Reports and payments to the tax authorities by January 30, 2020
• 2.2020
  New Position Required Special Reporting for Tax Year 2019 - Imprisoned Profits Distribution
  
• 3.2020
  Tax calculation related totals and updates for tax year 2020
  
• 4.2020
  Interest rate amendment according to section 3(i) & 3(j) of the Income Tax Ordinance -2020
  
• 5.2020
  Withholding tax at source from payments for assets and services in 2020 
• 6.2020 
  Assigning Invoice Numbers
• 7.2020
  Preferred Enterprise Benefits: Conditions Indicating Enterprise is Promoting Innovation - Filing 2019 Applications Within 90 Days After Tax Year Technology
  
• 8.2020
  Administrative fine for not reporting a concluding annual report for consolidate dealers
• 9.2020
  Postponement of the final due date - Taking a contradicting position- VAT and customs, 2019
• 10.2020
  Transfer Pricing – OECD Report on Intercompany Financial Transaction 
• 11.2020
  Postponement of the due date to submit withholding tax from wages and non-wages online reports 
• 12.2020
  Notice until 31 May 2020 - Announcement of Choosing a Preferred Enterprise Regime
  
• 13.2020
  Burden of proof in transfer pricing
• 14.2020
  Receiving a dividend sourced from untaxed profit is not entitled for the exemption from CIT provided in section 126(b) to the ITO
• 15.2020 
  Filing Individual's tax return for tax year 2019
• 16.2020
  Reporting for capital gain from securities until July 31, 2020
• 17.2020
  No penalty should apply on the revision of WHT reports, until September 30, 2020, due to court's ruling regarding vehicle value calculation
• 18.2020 
  Draft regulations- Double depreciation on equipment that will be purchased in the period 1.9.2020 to 30.11.2021
• 19.2020
  Draft bill to revise and expand Section 85A of the Israeli Tax Ordinance and the transfer pricing regulations
• 20.2020
  Delay on the VAT authority's model implementation for allocation invoices approvanumbers, and at applying the changes in accounting software
• 21.2020
  Transfer pricing – Barazani brothers court ruling regarding intercompany financing with a foreign comp
  
• 22.2020
  Double depreciation on equipment that purchased in the period 1.9.2020 to 30.6.2021 
• 23.2020 
  Taxation of companies which are under the control of five persons at most
• 24.2020
  Addressing MNE's covid-19 challenges through Transfer Pricing adjustments
• 25.2020
  Extension of time for inventory counting for the tax year 2020
• 26.2020
  The Israeli Tax Authority has published a list of its 2020 positions. Taking a contradictingposition must therefore be reported.

More Info

To view the 2019 tax alerts & circulars - Click here

To view the 2018 tax alerts & circulars - Click here

To view the 2017 tax alerts & circulars - Click here

To view the 2016 tax alerts & circulars - Click here

To view the 2015 tax alerts & circulars - Click here