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Business

Israel — Business: Accounting

Israeli businesses keep books according to their status as exempt dealer, authorised dealer or company, with employers also running a deductions file.

VerifiedGovernment / official sourceIsrael Tax Authority — small business owner and employer portalsLast reviewed: 2026-10-23

Key facts

  • Exempt dealers (turnover up to NIS 122,833 in 2026) can open a combined VAT and income tax file and report as small business owners with a shortened annual report.
  • Professions under Regulation 13 of the VAT Registration Regulations, such as lawyers and accountants, must register as authorised dealers.
  • Employers and landlords must also open a deductions file and file the annual Form 126.
  • The Tax Authority personal area (My Tax) gives online access to reports and payments.

Steps

  1. Obtaining a License for Accounting Services — A license is not required for accounting services in Israel, but accounting professionals must register with the Israeli Institute of Certified Public Accountants (IICPA) to practice.

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