Urgent Call to Delay Pre-Reservation of Tax Receipts: Chamber of Auditors Warns of Unprecedented Measures

Auditors Chamber of Israel warns of ‘unprecedented actions’

The Chamber of Auditors has called for the Tax Administration to delay the implementation of pre-reservation of tax receipts for transactions worth more than NIS 25,000 until the beginning of 2025. The mechanism was designed to combat tax evasion and fictitious receipts, but it will not consider receipts without a pre-reserved number when writing off VAT. It was supposed to take effect on April 1, 2024.

The Chamber of Auditors believes that the delay is necessary due to the ongoing war and its impact on reservists and evacuees. Their businesses have already suffered, and they cannot handle any additional bureaucracy. The statement warned that if the decision to postpone is not made, unprecedented measures may be taken.

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