New Memorandum of Law Published in the Context of the 2023-2024 Budget Talks.
“This memorandum is very similar to the bill of Law for Economic Plan (Legislative Amendments to Implement the Economic Policy for Budgetary Years 2021 and 2022), 2021 (the “2021-2022 Bill“), which was issued on August 31st 2021 but did not mature into law.”
According to the provisions of the bill, a foreign resident that operates an online store through which a digital service is provided to an Israeli resident will be required to register for Israeli VAT purposes and report and pay Israeli VAT.
Source: Lexology
