Client updates / Foreign Residents

Supreme Court: Service to Foreign Residents May Be Subject to Full VAT

24 March 2024 / Hanna Daher, Fadi Atallah

The Supreme Court noted that, by its nature, the essence of a brokerage transaction is joining two parties into one transaction. Therefore, treating the transaction as providing a service to each party separately—a foreign resident and an Israeli resident—does not reflect the true economic essence of the service.

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Client updates / Foreign Residents