Overview of Withholding Tax Reports for Israel

This topic includes details about the withholding tax reports for Israel.

Overview

All legal entities in Israel must submit their withholding tax reports in compliance with the fiscal authority specifications.

The following reports support withholding tax for Israel:

• Withholding Tax Report for Israel: Prints summary and details of withholding tax and income tax activities. It lists all the withholding tax transactions for a given period.

• Withholding Tax Reconciliation Report for Israel: Prints all payments and related withholding tax transactions for suppliers and supplier sites for the selected reporting period.

• Withholding Tax File to Tax Authority for Israel: Creates a text file in a predefined format, called form 856, for submission to the tax authorities. The file lists the withheld tax amounts for each supplier, supplier personal details, and the total amounts on the transactions including payments, withholding tax amounts, and liabilities.

• Withholding Tax Annual Certificate to Suppliers for Israel: Prints the annual summary of all supplier transactions with the entity issuing the certificate. It lists the withholding tax amounts and payments made to the supplier. The report contains the following details:

  • For a receipt in the form of a check: the account, bank, branch and check number information is listed.

  • For an account transfer: bank, branch information is listed.

  • Else, the credit card information is listed.

• Receipt Report for Israel: Prints receipt details, taxpayer details, and payer details in the specific format for Israel.

Key Insights

Before running the reports, ensure that you:

• Set up the following entities:

  • Data Security

  • Geographies

  • Enterprise Structure

  • Suppliers

  • Bank accounts

  • Procurement Business Function

  • Common Options for Payables

• Complete the implementation project before entering transactions and using the transaction tax reports.

Report Parameters

The following table lists the main parameters for the withholding tax reports for Israel:

Name	Description
From and To Document Number	Enter a specific range to verify that sequence numbers are assigned chronologically.
Ledger	Specify the ledger for reporting.
Legal Entity	Specify the legal entity that is submitting the declaration to the tax authority.
Reporting Level	Enter the reporting level for which you want to select transactions, such as ledger, legal entity, or tax registration number.

Frequently Asked Questions

The following table lists frequently asked questions about the withholding tax reports for Israel.

FAQ	Answer
How do I find these reports?	Schedule and run these reports from the Scheduled Processes work area on the Navigator menu.
Who uses these reports?	Tax Manager Tax Accountant
What type of reports are these?	Oracle Analytics Publisher