The Knesset Finance Committee has approved a series of tax measures to improve transparency in financial transactions and combat tax evasion.
A key provision in the reforms is a proposal to lower the transaction threshold that triggers the Continuous Transaction Controls (CTC) clearance obligation. This requirement mandates that taxpayers obtain an allocation number as a condition for VAT deduction. The change is intended to strengthen tax compliance and oversight.
The reforms will move forward as part of the state budget process, with further details expected in the coming weeks.
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