General Description: Mazanim Financial’s fiscal representative services are designed for multinational companies operating in Israel that are legally required to appoint a local representative to handle tax matters. We provide official representation to tax authorities, emphasizing VAT management and required reporting. The fiscal representative ensures the foreign company complies with all local regulations and laws, including registration, invoice issuance, VAT reporting, and coordination with Israeli tax authorities.

Service Importance: The requirement for foreign companies to appoint a fiscal representative stems from two main legal sources in Israel:

1. Value Added Tax (VAT) Law: According to Section 60, foreign companies operating in Israel must appoint a local representative within 30 days of starting business activities. The representative is responsible for all VAT matters, including VAT reports, bookkeeping, and invoice issuance.
2. Income Tax Ordinance: Amendment 132 added Section 68B requiring any foreign resident who appointed a VAT representative to also appoint a representative for income tax purposes. The representative serves as the company’s official representative for income tax reporting, revenue receipt, and handling additional financial matters.

Mazanim Financial’s Advantages:

• Years of experience in fiscal representation: Our expert team provides fiscal representative services to international companies across various industries, ensuring full compliance with local legal requirements.
• Comprehensive professional service: We provide complete tax management solutions for foreign companies, including tax authority registration, bookkeeping, VAT reporting, and communication with tax authorities.
• Personalized service: We tailor services to each company’s unique needs, emphasizing efficiency, reliability, and complete discretion.
• Regulatory expertise and timeliness: Our team deeply understands Israeli fiscal regulations and requirements, ensuring accurate report submission on time and professional handling of tax audits and regulatory reviews.

Mazanim Financial’s fiscal representative services ensure professional, accurate, and reliable management of all tax and VAT matters for foreign companies, maintaining full compliance with local law requirements and handling all issues with Israeli tax authorities.