• Sun. Mar 3rd, 2024

Postponing Pre-Reservation of Tax Receipts: A Call for Compassion in Time of Need from the Chamber of Auditors

ByEditor

Feb 12, 2024
Auditors Chamber of Israel warns of ‘unprecedented actions’

The Chamber of Auditors is calling for a delay in the implementation of the pre-reservation of tax receipts for transactions over NIS 25,000 until January 1, 2025. This mechanism was introduced to combat tax evasion and the use of fictitious receipts. However, it will not recognize receipts without a pre-reserved number when writing off VAT. It was originally set to take effect on April 1, 2024.

The Chamber of Auditors believes that the delay is necessary due to the ongoing conflict affecting reservists and evacuees. Their businesses have already been severely impacted, and they cannot afford to deal with additional bureaucracy at this time. The organization warned that if the decision not to postpone is made, unprecedented measures may be taken.

Leave a Reply