February 27, 2024 10:35 am
Auditors Chamber of Israel warns of ‘unprecedented actions’

The Chamber of Auditors has called on the Tax Administration to delay the implementation of a mechanism aimed at combatting tax evasion and fictitious receipts until 2025. This pre-reservation of tax receipts for transactions over NIS 25,000 was supposed to take effect on April 1, 2024. However, the Chamber believes that the ongoing war has had a significant impact on reservists and evacuees, causing their businesses to suffer. As such, they cannot handle additional bureaucracy at this time. If the decision to postpone is not made, the Chamber warned that unprecedented measures may be taken.

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