Sat. Mar 2nd, 2024
Auditors Chamber of Israel warns of ‘unprecedented actions’

The Tax Administration has been urged by the Chamber of Auditors to delay the implementation of a mechanism designed to combat tax evasion and fictitious receipts until 2025. This was originally intended to take effect on April 1, 2024.

The pre-reservation of tax receipts for transactions over NIS 25,000 is a crucial tool in combating tax fraud and ensuring the accuracy of financial records. However, the Chamber of Auditors believes that postponing its implementation until next year would be beneficial for businesses that have already suffered due to the ongoing war.

Reservists and evacuees have had their businesses severely impacted by the conflict, and they cannot afford any additional bureaucratic hurdles. The Chamber of Auditors warned that if this decision is not made, unprecedented measures may be taken.

The statement from the Chamber of Auditors highlights the importance of balancing fiscal responsibility with economic stability during times of crisis. While it is essential to combat tax fraud, it must be done in a way that does not further burden businesses already struggling to survive.

By Editor

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