Accounting

Corporate tax calculations in Israel are based on financial accounting records, with specific adjustments required by tax law. This section explains the relationship between accounting standards (Israeli GAAP and IFRS) and taxable income, common book-to-tax adjustments, and the bookkeeping obligations companies must follow.

  1. tax compliance report

    Reconciliation between accounting profit and taxable profit

  2. Cash basis vs. accrual basis

    Accounting reporting methods for tax purposes

  3. The role of the accountant

    CPA position in tax reporting of a company

  4. IFRS and taxation

    The impact of IFRS standards on tax calculation

  5. Deferred taxes

    Deferred tax in the financial statements