Overview of SHAAM User Setups for Israel

The State of Israel Ministry of Finance has announced changes in the 2023 SHAAM Category Exemption that requires changes in the Withholding tax exemptions for payments .

Here are the changes:

• Agricultural products will be reported as part of Services and Assets sections (Category 10) instead of reporting separately in Category 20.
• Constructions and Transportations payments will be reported separate section Category 20.
• Rent payments will reported in a new section - Category 60.