Overview of SHAAM Interface File Data for Israel Process

In Israel, tax authorities provide a computerized processing system known as SHAAM to maintain bookkeeping and withholding tax exemption certificates for suppliers that trade goods or services.

As a tax manager, you can submit supplier information electronically and receive back a file with valid certificate details from the Israel tax authority.

Here's how Oracle Fusion Applications enable you to meet the requirements of Israel tax authority:

• Generate a file of supplier or supplier sites that require withholding certification and exemption. You can submit this file to the Israel tax authority.

• Import the file that the Israel tax authority returns by updating the supplier certification and withholding tax exemptions, where applicable.