Recent court cases shed light on whether income from Israeli real estate is taxable as active business income or passive investment income.
The distinction matters in terms of tax rates for rental income, loss utilization, and whether sale gains are to be treated as capital gains or ... Read More
Israel imposes VAT, generally at a rate of 17%, on transactions relating to assets and services in Israel. But securities (shares and bonds) are generally excluded from the definition of assets.
However, the Israeli Tax Authority has just published a Tax Ruling saying ... Read More
It's been a busy week in the tax world. Greece is teetering on the brink of default caused in part by a dislike of paying Greek taxes.
On this side of the Mediterranean, the Israeli government seems keen to sort out gas production problems. That will mean more energy for ... Read More