Israel's Tax Authority has reportedly issued draft legislation that would require foreign suppliers of digital services to register and account for value added tax (VAT) on supplies made to Israeli consumers. The standard rate of VAT (17%) would apply on several types of digital supplies, including: Streaming or downloadable content, such as music, movies, games and eBooks; Online advertising Internet-based telephony services; Online software as a service (SaaS); Online sites with membership/access fees; and Others The VAT registration and payment requirements would apply for B2C supplies. For B2B supplies, the reverse charge would apply. When supplies are made through a...