In September 2022, Israel enacted legislation and promulgated an amendment to the transfer pricing regulations, to align its transfer pricing rules with the Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) Action 13 requirements (Local File, Master File, and Country-by-Country Reporting).Further to such, the Israeli Tax Authority recently published a new notification form (1585) with respect to the due disclosure on Country-by-Country reporting in the group, and an amendment to form 1385 which inquires on the existence of a contemporaneous transfer pricing report upon filing of the tax return.Multinational enterprises should carefully review the new...