Israel has enacted legislation to align its transfer pricing (TP) rules with Base Erosion and Profit Shifting (BEPS) Action 13 requirements (Local File, Master File, and Country-by-Country Reporting).”Now new TP regulations have been published for the implementation of the new TP rules.”Multinational enterprises should carefully review the implementation of the new TP rules and the new regulations, as they may be applicable to the filing of Israeli fiscal year (FY) 2021 tax returns.On 22 September 2022, an amendment to the Israeli TP regulations was published following the adoption of the BEPS Action 13 principles in domestic legislation. For background, see...