19

Jul2017
The recent G20 summit in Hamburg last weekend wasn’t only about North Korea and Syria. The G20 also reaffirmed their commitment to create a globally fair modern international tax system. A report by the OECD to the G20 leaders before the summit sheds light on which companies with ... Read More

19

Jul2017
The Israeli Tax Authority (ITA) published on May 22 a backdated Circular on the implementation of Israel’s FATCA Agreement with the United States of America (Circular 3/2017 dated February 12, 2017). What is FATCA all about? Briefly, the US Congress enacted the Foreign Account Tax Compliance Act ... Read More

22

Mar2017

22

Mar2017

21

Dec2016
The Israeli Tax Authority (ITA) announced on June 28 that it is targeting tax evaders who rent out their homes on a short term basis via websites such as AIRBNB. This comes just as Airbnb is reported to be lining up investors for a new funding round ... Read More

21

Dec2016
The Israeli Tax Authority (ITA) recently  published a new tax form number 1345 for reporting tax opinions. This follows the enactment of Section 131 Daled of the Income Tax Ordinance last year pursuant to Amendment 215. Consequently, tax opinions given on or after January 1, 2016  may need ... Read More

20

Dec2016
The OECD issued a report on December 3, 2015, which concludes that global corporate revenues are falling, putting higher burdens on individuals. Israel joined the OECD in 2010. Corporate contribution to tax revenues: According to the OECD, corporate tax revenues have been falling across ... Read More

20

Dec2016
The Knesset has just passed a significant amendment requiring disclosure in certain cases of tax opinions received and tax positions adopted contrary to those of the Israeli Tax Authority (Amendment 215 to the Income Tax Ordinance, enacted via the Tax Benefits and Tax Advice Law (Legislative Amendments), 2015, ... 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

Nov2014
On November 5 the Israeli Tax Authority (ITA) announced that the Haifa District Court had lifted a gag order on a Swiss Bank affair that had been under wraps since June 26. According to the announcement, the ITA had been running an undercover investigation on Swiss bank accounts held by Israelis. ... Read More

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