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Israel Provides Guidance on the Submission of CbC Reports

|Approved Changes|Israel
Israel

The Israel Tax Authority (ITA) has published guidance on the submission of Country-by-Country (CbC) reports. As previously reported, Israel has introduced a CbC reporting requirement for MNE groups meeting a consolidated revenue threshold of ILS 3.4 billion that apply from the 2022 reporting fiscal year, with reports due within 12 months following the end of the year. However, companies may al…

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