Israel to Impose Stricter Requirements for Importing Returned Exported Goods
The Israeli Tax Authority recently issued a directive outlining stricter provisions regarding submitting import declarations for importing returned exported goods, Herzog Fox posted Feb. 16. The provisions allow for exemptions of those goods from certain purchase taxes and value-added taxes…
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if they didn’t “undergo any processing abroad and meet certain additional conditions,” the law firm said. If the goods were processed abroad, import duties will apply to only the value of the processing performed abroad. Importers must declare the export declaration number when submitting a declaration for the returned exported goods, although there are several exceptions, the post said. To comply with the new requirements, companies will need to “track the path of the goods” from export to returned for import, the firm said, adding that the “directive may impede or even prevent the return of goods exported from Israel,” especially when importing damaged components of machines and when returning a “large quantity of components” that were exported separately.