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 also submit a CbC report in Israel for the 2021 reporting fiscal year, which is due by 31 March 2023. The guidance covers the timing of the requirements as well the method of submission. This includes that in order to...