Tax Assessment Objections: When the State Presumes Your Income—and Places the Burden of Proof on You
You do not need to be a certified public accountant to understand that managing an annual tax return is a complex endeavor. Conversely, you certainly do not need to be a criminal to discover one fine day that the Tax Authority has unilaterally decided that you owe hundreds of thousands of shekels—despite being entirely confident […]
What is a tax investigation?
A tax investigation is essentially an economic investigation and is carried out by the investigation departments of the Tax Authority in the various districts. There are tax investigations that incorporate additional criminal offenses besides tax offenses, in which case the investigation will be conducted in cooperation with additional investigative agencies, for example the Israel Police, […]
When can the accounting books be discarded?
Every business owner is required to maintain accounting books and receipts from the first day of operating the business. Bookkeeping depends on the type of business, its scope, and the industry in which it operates. The VAT and Income Tax account book management instructions are complex, cumbersome, and not easy to implement. These instructions relate […]