Section 10(2) (Expansion of the obligation to submit a detailed report) of the Economic Efficiency Bill (Legislative Amendments to Achieve Budgetary Goals for the 2025 Budget Year), 5785-2024

The proposed change expands the obligation to submit a detailed report on business activity. Currently, certain companies are required to submit this report. According to the proposed amendment, companies that do not meet certain profitability or turnover conditions, but are still active, will also be required to submit a detailed report. The goal is to increase financial transparency and allow for better oversight of these companies' activities. The amendment will apply to companies that meet new defined criteria, which will be based on the scope of their activity rather than solely on profitability.

Source: חומר רקע