Operating as a Licensed Dealer (Osek Murshe) requires ongoing compliance with VAT reporting, income tax advances (Mikdamot), and Bituach Leumi filing.

Top Licensed Dealer Questions Answered:

  • What is the VAT reporting frequency? Monthly or bi-monthly depending on annual turnover volume.
  • Can I offset input VAT on all business purchases? Yes, input VAT on valid tax invoices (Kabalat Murshe) can be offset against output VAT collected from clients.
  • What is the difference between tax invoice (Hesbonit Mas) and receipt (Kabala)? Tax invoices create VAT tax liability; receipts confirm monetary payment.

Bernstein & Co. handles full monthly accounting and tax representation for licensed dealers across Israel.