How to survive a transfer pricing audit in Israel
March 14, 2008
Eran Shif, of Ernst & Young in Israel, describes the approach of the Israeli tax authorities to transfer pricing audits
Although the Israeli Transfer Pricing Regulations (ITPR) were issued on November 2006, transfer pricing audits began already several years earlier, albeit to a limited extent. Two events in the last year have significantly increased the exposure of transfer pricing in tax audits. The first was the issuance of the ITPR in the end of 2006, which provided the legal frame of arm’s length and the right to request documentation related to transfer pricing. The second was the publication of form 1385 in the last quarter of 2007. In this form, that has to be submitted along with the annual tax return, a taxpayer must:
Sorry. You must be a subscriber to view this article. Alternatively, why not take a free trial? To subscribe and access this article immediately simply click here or call +44(0)207 779 8380.