The Assessing Officer’s Decision: Is It the End of the Road — or Just the Beginning?
A tax assessor’s decision is not the end of the road. In Israel, the law grants you the right to object and appeal. Discover the 2 main stages of fighting an unfair tax assessment and why professional legal representation is critical to saving your money.
What to Do When Business Books Are Disqualified? An In-Depth Guide to the Tax Appeals Committee
Most business owners do not think about their accounting books during their daily routine. This reality changes instantly when a tax inspector arrives to audit them. Subsequently, the threatening notice arrives: “We have decided to disqualify your books for the audited tax year.“ These words can break the back of a thriving business. Book disqualification […]
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 […]