Category: General Tax

28

Dec2016
The Knesset Finance Committee is working day and night debating, amending and approving tax measures in the latest budget bill. Below is an overview of what we know so far, according to announcements by the Knesset Finance Committee and the Israeli Tax Authority (ITA). They are not final, ... Read More

28

Dec2016
Israel has just passed tax incentives for renewable energy and the OECD has pronounced on finance for energy saving investment. This follows the Paris Agreement of December 2015, in which 195 countries adopted an action plan to avoid dangerous climate change by limiting global warming to below ... Read More

21

Dec2016
The Director of the Israeli Tax Authority (ITA), Mr Moshe Asher, presented his thoughts on Israeli tax administration on June 15. This was at the annual conference of the Israeli branch of STEP, the Society of Trust and Estate Practitioners. Following are some of the highlights.... Read More

21

Dec2016
Leon Harris and Shai Erez Last Sunday, March 27, the Israeli Supreme Court, sitting as the High Court of Justice (Bagatz) struck down the Israeli government's  "framework" (Mitveh) for exploiting gas in the Mediterranean and gave the government a year to sort it all out. The "framework" ... Read More

20

Dec2016
People are often surprised to find that living in Israel is a lot less taxing than it used to be - and a bit less than many other countries. Following is a non-exhaustive summary of the Israeli rates and tax brackets for 2016 Business tax rate... Read More

20

Dec2016
The recent United Nations Climate Change Conference, COP 21 or CMP 11 culminated in the adoption of the Paris Agreement in December 12, 2015, a global agreement on the reduction of climate change. This represents a consensus of the representatives of the 196 parties that participated, including Israel. The agreement will apparently become legally binding if ... Read More

14

Dec2016
The Israeli tax Authority (ITA) and Swiss Finance Ministry signed on November 27 a declaration of intent regarding the exchange of information about financial accounts. The aim is to enhance cooperation regarding the supply of information, “egalitarian enforcement” of taxation in Israel, truthful tax payment and limit black ... Read More

11

Dec2016
The Israeli Tax Authority has just issued a tough tax ruling dealing with taxing a foreign company on profits from clients in Israel (6631/16). The Facts of the Ruling: According to the Ruling, Company X is a company resident in a country that has no tax treaty with Israel (perhaps offshore). It ... Read More

23

Nov2015
Last Thursday November 19, the Knesset finally passed the budget for 2015-2016 after reportedly addressing thousands of objections. Two laws were passed – Amendment 207 to the Income tax Ordinance, and a so-called Economic Efficiency Law. We review some of the tax measures.   Not Enacted: First, which proposals were NOT passed?  A ... Read More

30

Sep2015
Leon Harris Lisa Minelli told that money makes the world go round, but she didn't say how. . People go into business to make money. One method to help them do so is the accelerator (or incubator). What is an accelerator? An accelerator is a facility in which financial and business experts provide advice, ... Read More

Font Resize
Contrast