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Israel Publishes VAT and Income Tax Reporting and Payment Schedule for 2021

The Israel Tax Authority (ITA) has published the VAT and income tax reporting and payment schedule for 2021, including adjustments for different holidays. The schedule is based on the monthly reporting period. The standard deadline for reporting and payment of VAT and income tax advances is the 15th of the following month, the deadline for reporting deductions is the 16th of the following month, and the deadline for detailed VAT reporting is the 23rd of the following month. Detailed reporting is generally required from taxpayers whose annual turnover exceeds ILS 2.5 million and taxpayers required to keep books in accordance with the dual accounting system.

Source Orbitax

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