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Israel’s Tax Authority releases new Form 1585 and updates Form 1385 following adoption of BEPS Action 13 principles

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Israel

  • In September 2022, Israel enacted legislation and promulgated an amendment to the transfer pricing regulations, to align its transfer pricing rules with the Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) Action 13 requirements (Local File, Master File, and Country-by-Country Reporting).

  • Further to such, the Israeli Tax Authority recently publis…

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