Airline ticket for problems: What happens when you violate the personal import exemption provisions by mail?
Who doesn’t love ordering something online? One click – and the path from the wide world straight to our living room is shorter than ever. A shirt from Milan, a perfume from Paris, a gadget from Singapore – everything is accessible and available. But what many don’t know is that under the blanket of digital […]
VAT Investigations: Everything You Need to Know and How to Get Out of It Safely
For most business owners, the term “VAT investigation” sounds like something that happens to others. Until it happens to you. A suspicious phone call, a sudden visit to the office, or a seemingly innocent request to hand over documents — and suddenly you’re in the eye of the storm. VAT investigations are not only a […]
Tax offenses – fictitious tax invoices
A tax invoice issued illegally – for a service or sale made under false pretenses – is called a ” fictitious invoice “. Buying a fictitious invoice and reporting it as input means reducing the amount of VAT that the trader must pay, and reducing payments to the Income Tax and the National Insurance Institute, […]
Assigning tax invoice numbers – what do you need to know?
The new law regulating the issue of assigning tax invoice numbers, enacted as part of the Arrangements Law for the years 2023-2024, changes the rules of the game for businesses in Israel. The main goal of the law is to combat the phenomenon of fictitious invoices and strengthen transparency in VAT reporting processes. At the […]