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The IRS increases the penalties for violation reporting

From 1 January 2016, the IRS will increase the penalties for violating reporting and minor administrative offences in the tax area did not justify the filing of the indictment.

In particular, minor violations of the law on free trade zone in Eilat will be classified as an administrative violation, the penalty for which will be 2,500 shekels.

Violations of the requirement to file annual report management VAT will be penalized at 500-2.000 shekels.

The sale of cigarettes or tobacco for pipe or hookah is not in accordance with the law on the sale of tobacco will be subject to a fine of 4 thousand shekels (cigarettes) or 15 thousand shekels (tobacco).

In addition, violation by an individual businessman, are exempt from VAT reporting («Osiek of patur»), reporting on income tax will be subject to a fine of 750 shekels.




The IRS increases the penalties for violation reporting 10.12.2015

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