The Chamber of Auditors has called on the Tax Administration to postpone the implementation of the pre-reservation of tax receipts for transactions over NIS 25,000 until January 1, 2025. This measure was introduced to combat tax evasion and fraudulent receipts. However, according to the Chamber, it will not recognize receipts that are not pre-reserved when writing off VAT. The mechanism was supposed to take effect on April 1, 2024.
The Chamber’s call for a delay comes amid ongoing conflict affecting reservists and evacuees. Their businesses have already been severely impacted, and they cannot bear the additional burden of bureaucracy. If the decision not to postpone is not made, the Chamber warns that it may be forced to take unprecedented measures.