- The Israel Tax Authority has published reportable positions for the 2025 tax year, including two new VAT-related positions.
- Taxpayers must disclose if they have adopted a position contrary to the Authority’s published positions, if the tax benefit exceeds NIS 2 million in one year or NIS 5 million over four years.
- The first new position requires real estate dealers to refund input VAT if residential units, initially intended for VAT-taxable sale, are later approved for VAT-exempt leasing.
- The second new position states that construction services provided for public functions for a local authority, in exchange for the authority waiving payment, are subject to VAT.
Source: herzoglaw.co.il
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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