Sign up for tax alert emails GTNU homepage Tax newsroom Email document Print document Download document
October 21, 2022
Israel publishes new TP regulations following adoption of BEPS Action 13 principles in domestic legislation
On 22 September 2022, an amendment to the Israeli TP regulations was published following the adoption of the BEPS Action 13 principles in domestic legislation. For background, see EY Global Tax Alert, Israel adopts BEPS Action 13 principles, dated 15 July 2022.
The new regulations set an expanded reporting obligation in accordance with Chapter IV of the updated Organisation for Economic Co-operation and Development Transfer Pricing Guidelines from January 2022. The following are the key changes to the Israeli TP documentation requirements starting FY2022:
Most of the new regulations will now apply to FY2022, which requires substantial preparation, however part of the regulations (especially those which apply to an Israeli UPE which heads an MNE Group with revenue of more than ILS3.4b), are applicable to FY2021.
For additional information with respect to this Alert, please contact the following:
EY Israel, Tel Aviv
Ernst & Young LLP, Israel Tax Desk, New York