Our office’s Tax Department draws up annual reports on an ongoing basis, in accordance with the requirements of tax laws and the taxation authorities, based on rulings of the Israeli courts (Adjusted Statement of Income for Tax Purposes Report is submitted together with the Annual Report to the tax authorities). Likewise, throughout the year, the department works on unaudited periodic reports to clients, for the purpose of examining the tax aspect and the need to change the rate of amounts of estimated tax pre-payments made by the client, in order to prevent the creation of accumulated obligations to the Income Tax Authority, upon submission of the annual report, or alternatively, receiving large tax refunds that could be avoided and thereby not strain the cash flow of the business in the course of the year.
The Tax Department specializes both in individual taxes and in company taxes. During the year and according to the demands of the client and/or the taxation authorities, the department examines various and complex tax issues, manages meetings with Income Tax Assessment, Value Added Tax and the National Insurance Institute and handles the receipt of tax refunds to businesses and salaried individuals.
In addition, the department acts to obtain special approvals from the tax authorities, including tax withholding at source for payments made abroad, Form 50 for contractors, certification in accordance with Section 46 to the Income Tax Regulations for non-profit organizations, etc.
The department comprises experienced accountants, who have academic degrees in accounting and economics and/or business management. On occasion, with regard to complex tax topics whose solution is not unequivocal, the department will make use of relevant legal opinions from recognized tax experts, so that the department will make use of all the client’s entitlements while remaining within the requirements of the law.
Below are part of the services the department provides