When it comes to Israeli regulation localizing on your Microsoft Dynamics systems, you can rely on ABRA, certified provider of all Microsoft Dynamics localization packages in Israel.

Israel Localization is a comprehensive application that extends the standard functionality of Microsoft Dynamics 365 Business Central with additional solutions that adjust the system to legal and accounting requirements resulting from Israel regulations. It has been designed by Microsoft Partner ABRA for Israel users of ERP system Dynamics 365 Business Central and companies operating in Israel.

Vendor Withholding Tax IL - An Israeli regulatory requirement gives all companies involved in payable transactions power of attorney to withhold taxes from vendors on behalf of the Israeli Tax Authority. The company is obligated to report any payments to these vendors and specifically show that no tax has been deducted from their payments.

The summary of payments and the amounts of tax withheld are periodically reported to the authority using a legal format. The amounts are also reported for each vendor individually.

The Israeli localization include the following:

§ Monthly Withholding Tax Payment Report

§ 856 – Yearly Tax Authority Report

§ 857 – Yearly Vendor Withholding Tax Payment Report

§ 1000 Interface – Withholding Tax Data from Tax Authorities

Supported Editions:

Dynamics 365 Business Central Premium

Dynamics 365 Business Central Essentials

Supported Countries:

Albania, Algeria, Angola, Argentina, Australia, Austria, Bahrain, Bangladesh, Belgium, Bosnia and Herzegovina, Botswana, Brazil, Bulgaria, Canada, Chile, Colombia, Costa Rica, Croatia, Cyprus, Czechia, Denmark, Dominican Republic, Ecuador, Egypt, El Salvador, Estonia, Faroe Islands, Finland, France, Georgia, Germany, Greece, Greenland, Guatemala, Honduras, Hong Kong SAR, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kenya, Korea, Kuwait, Latvia, Lebanon, Lithuania, Luxembourg, Malaysia, Maldives, Malta, Mauritius, Mexico, Monaco, Mongolia, Montenegro, Morocco, Myanmar, Netherlands, New Zealand, Nicaragua, Nigeria, North Macedonia, Norway, Oman, Pakistan, Panama, Paraguay, Peru, Philippines, Poland, Portugal, Puerto Rico, Qatar, Romania, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Thailand, Trinidad and Tobago, Tunisia, Türkiye, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Vietnam, Zimbabwe

Supported Languages:

English (United States)

Vendor Withholding Tax Israel for Dynamics 365 Business Central

by ABRA