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New in Israel: File your annual tax return online

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New in Israel: File your annual tax return online

The recent system eliminates the need to physically put up the whine with attached documents, and is on hand for filing for 2019, 2020 and onwards, the authority said.

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(picture credit score: REUTERS)

The Israel Tax Authority has launched a system that can, for the main time, enable individuals to file their annual income-tax whine online, it said Sunday.

The recent system eliminates the need to physically put up the whine with attached documents, and it’s on hand for filing for 2019, 2020 and onward, the authority said.

Submitting a paunchy online annual report enables the taxpayer to procure pleasure from a large determination of advantages, including instant handling of reports, instant tax returns and 24/7 submission availability. The recent system will enable ambiance friendly employ of manpower, time, storage, transportation and more, each for the whine submitters and for the authority. It is estimated that the system will save tens of millions of shekels a 365 days for the pronounce coffers, as properly as tens of millions of extra shekels for representatives.

The recent system follows a circulation final November that created a system for licensed accountants and tax consultants to put up annual reports online on behalf of their clients. The project uses an infrastructure that shall be inclined for additonal digital projects planned by the authority.

“Opening the system is a principal milestone in realizing the Tax Authority’s imaginative and prescient to turn into a paperless digital authority and revolutionizes the interface between the final public and the Tax Authority,” Israel Tax Authority director Eran Yaacov said. “The flexibility to file paunchy online annual whine is one in all the principal system of our recent digital approach, which also includes a recent system launched in March to possess genuine-property tax assessments within one working day. The distance also includes a non-public space with a vary of services and products for businesses and voters.”

The recent system can even enable individuals that build now no longer have faith a file with the income-tax authorities to study for a tax rebate for 2019 and 2020 in the event that they did so in old years.

The Tax Authority said it extended the deadline for 2020 tax filings for individuals and firms till June 30 to enable time to put together to file using the recent system. Taxes can silent be filed by using mature channels, it added.

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New in Israel: File your annual tax return online