July 6, 2020
What is the obvious solution that could significantly aid businesses in Israel in their dealing with the COVID-19 crisis, buy is yet to be adopted by policy makers in the country?
Offsetting current year’s losses against profits from previous years is a mechanism previously rejected by the Tax Authority and dismissed by the Supreme Court, however, Adv. Doron Levy and Adv. (CPA) Racheli Guz-Lavi, leading partners in our Tax Department explain why use of this mechanism should be considered anew. To read the article in Hebrew, in the Taxation Bi-Monthly Publication, please click here.