On 18 March 2024, the Israeli Tax Authority (ITA) released a publication celebrating the successful conclusion of a Bilateral Advanced Pricing Agreement (BAPA) with a tax authority of another treaty country.The increasing unpredictability of the global tax environment has heightened BAPA's appeal among multinationals, and the ITA is displaying readiness to actively engage in potential BAPAs.Any multinational wishing to secure its transfer pricing practices and tax positions through a BAPA with the ITA should consult with a tax advisor. The Israeli Tax Authority (ITA) recently announced the successful conclusion of its first Bilateral Advanced Pricing Agreement (BAPA) with another the tax...