Tax questionnaire for setting the appropriate tax withholding on international service transactions

Tax questionnaire for setting the appropriate tax withholding on international
service transactions

Tax questionnaire for setting the appropriate tax withholding on international service transactions

As you know, under the existing tax ruling between Intel Israel and the Israeli Tax Authority, there is a tax withholding liability in certain cases when services are provided by a foreign vendor in Israel. In order to define whether a transaction is subject to tax withholding (25%), or can be fully exempt, you are asked to fill-in a short questionnaire which will help us to ...determine the appropriate tax treatment. Once completed, pls send this document to Accounts Payable department and it will become part of the overall vendor’s documentation. 1. General information 1. 2. 3. 4. Buyer’s name: Vendor’s name: Vendor’s number: Purpose of service (Pls elaborate in few words): 2. Classifying the transaction based on its substance (pls keep the right answer) A B C D E Was the service provided in Israel Is it a one time service or a casual one Was the service provided by the vendor himself Was the service actually provided by an Israeli company or an Israeli subcontractor Did the foreign vendor and /or his employees stay in Israel more than 90 days, accumulated, in the tax year Yes Yes Yes Yes Yes No No No No No 3. Decision made as for the need to withhold tax (to be filled by AP) ______________________________________________________________________________ Thanks in advance, Accounts Payable Read the full Tax questionnaire for setting the appropriate tax withholding on international service transactions.