A multinational company opening a branch in Israel faces the need to manage its books differently from its parent company’s headquarters. The reporting and information transmission obligation requires the company to manage the local branch’s books according to Israeli law, thus exposing it to new requirements and processes. Our office accompanies dozens of multinational companies that have decided to establish operations in Israel, helping them with collection, recording, and reporting activities to the parent company abroad and to tax authorities in Israel and abroad. Accounting and payroll processes differ across various locations worldwide, requiring financial mediation and adjustments. For example, we assist in calculating the salaries of foreign employees, in accordance with tax laws in Israel and in the country where the parent company is located.
