Published On: Wed, Jun 24th, 2015

Tax Authority introduces online real estate deal reporting

Online reporting of real estate transactions is slated to become compulsory in 2016.

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The Israel Tax Authority is trying to streamline its bureaucratic procedures for real estate transactions. Yesterday, Tax Authority head Moshe Asher officially announced the option of submitting reports of real estate transactions through the Internet. The Tax Authority has been talking about this measure for a long time, and after a limited six-month pilot at some district land tax offices, the Tax Authority is making it possible to submit an online report to all ten of its district land tax offices, and for all transactions.

At this stage, online reporting is voluntary; reports can still be filed manually, as has been done up until now. The Tax Authority, however, plans to enact regulations establishing a duty to report online starting in 2016, under the authority granted to the Minister of Finance.  there is no date for making all reporting online, which will probably happen in 2016…

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