All about on-line filing of taxes in Israel
Submitted by Moshe on Sun, 27/06/2010 – 16:29
As part of correction 161 to the tax ordinations, anyone who is required to file an annual tax report (form 1301) is now required to file on-line.
This is to be done in one of two ways:
1) transmition via the tax authority’s computer (sha’am) thru tax representatives (CPA, Tax Advisor or Lawyer) that are connected to the sha’am computer.
2) transmition via the internet
this change is effective immediately and includes tax reports for 2009
On June 16, 2010 the knesset finance committee authorised the tax regulations which enable exemptions from filing on-line for individuals whose income does not exceed 75,000 shekels annually.
Married couples 150,000 sh (75,000 each) as well as for individuals that they and their spouse have reached retirement age (65).
This does not apply to individuals or their spouses who are controlling owners of companies as they are defined by the tax regulations.
This new regulation will also not apply to those who filed to receive the negative tax stipend.
It should be noted that the above exemptions are only applicable for the on-line report but do not exempt from filing an annual report as per the tax regulations.
To find out if you need to file contact a certified tax representative (CPA or tax advisor).
