israeli-financial-reports
Installation
SKILL.md
Israeli Financial Reports
Instructions
Step 1: Identify the Business Type and Reporting Period
Determine the business entity type before generating any report. Each type has different reporting requirements under Israeli law:
- Osek Patur (Exempt Dealer): Simplified reporting, no VAT collection. Annual turnover must stay under the exempt ceiling, which is 122,833 NIS for 2026. Files an annual declaration (Hatzharat Osek Patur) by around 31 January for the prior calendar year, not periodic VAT reports. Exceeding the ceiling mid-year forces conversion to Osek Murshe at the regional VAT office. Reports focus on income summary.
- Osek Murshe (Licensed Dealer): Full VAT reporting required bi-monthly when annual turnover is up to 1,775,000 NIS (the 2026 figure; it was 1,725,000 NIS in 2025), and monthly when turnover exceeds it. Must produce profit and loss, and submit VAT returns. (The separate 1.67 million NIS figure is the section 67a detailed-filing threshold, not the cadence threshold.)
- Chevra (Company): Full financial statements required including balance sheet, profit and loss, cash flow statement, and notes to financial statements. Subject to Companies Law 1999 and Securities Authority requirements if public.
Confirm the reporting period: monthly, bi-monthly (for VAT), quarterly, or annual.
Alongside VAT, an Osek Murshe or Chevra typically also files periodic income-tax advance payments (mikdamot, usually a percentage of turnover set by the Tax Authority) on the same gov.il portal. This skill produces the financial figures behind those reports; it does not perform the advance filing itself.