Auditors Chamber of Israel warns of ‘unprecedented actions’

The Tax Administration has been urged by the Chamber of Auditors to delay the implementation of pre-reservation of tax receipts for transactions worth more than NIS 25,000 until 2025. This mechanism was put in place to combat tax evasion and the use of fictitious receipts. However, it will not consider receipts without a pre-reserved number when writing off VAT, which was supposed to take effect on April 1, 2024.

The Chamber of Auditors has explained that the delay is necessary due to ongoing war conditions affecting reservists and evacuees. Their businesses have already suffered, and they cannot handle additional bureaucracy at this time. The statement warned that if the decision to postpone is not made, unprecedented measures may be taken.

By Editor

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