Update - Israel Provides Guidance on the Submission of CbC Notification Form

As previously reported, the Israel Tax Authority (ITA) has published guidance on the submission of Country-by-Country (CbC) reports. Israel introduced a CbC reporting requirement for MNE groups meeting a consolidated revenue threshold of ILS 3.4 billion that apply from the 2022 reporting fiscal year, with reports due within 12 months following the end of the year, although companies may also submit a CbC report in Israel for the 2021 reporting fiscal year, which is due by 31 March 2023. Fur…