Shmulik Gazit, owner of the construction company Niti Development and Construction Ltd, is under investigation for offsetting fictitious invoices totaling 26 million shekels, for which an tax of 4 million shekels is owed to the VAT authorities. The investigation is being conducted by the Jerusalem Customs and VAT Investigations Department, with Gazit suspected of having deducted suspicious tax invoices in the company's books between 2022 and 2025. During the investigation, Gazit provided a vague account and failed to give clear answers to the questions asked, leading to a request for his arrest. A judge at the Jerusalem Magistrate's Court released him under restrictive conditions, including a cash deposit, guarantees, a travel ban, and a prohibition on contacting those involved in the investigation. This case adds to another indictment against the owner of a construction company from Umm al-Fahm, suspected of offsetting fictitious invoices amounting to 69 million shekels. The tax authority emphasizes the importance of combating tax fraud in the construction sector.
Construction company owner suspected of offsetting fictitious invoices totaling 26 million shekels
Source Nadlancenter
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