Israel issues Draft CRS Regulation

On 8 June 2017, the Israel Tax Authority (“ITA”) issued Draft CRS Regulation which has recently been released (Link-Hebrew). According to this Draft, the CRS reporting deadline is 31 July. It should be noted that Israel remains one of the signatories to the OECD Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information with intended first information exchange date by September 2018 (Link).

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