Articles - Page 3 of 50 - Harris Consulting & Tax

Reportable Tax Positions 2025 Target US K-1 Forms

by Leon Harris
January 15, 2026

The Israeli Tax Authority (ITA) published more reportable tax positions on December 30, 2025 which are similar to reportable tax shelters in the US and UK. But the ITA also uses them to impose its interpretation of the tax law…

Credit Points for IDF Reservists; Property Tax Comeback

by Leon Harris
January 15, 2026

The effects of the war linger on. Starting this year (2026) IDF reservists may receive a tax break. Also, it is proposed to revive a 1.5% wealth tax on land that was dormant since the year 2000. IDF RESERVISTS The…

Leaving Israel? Leave Your Pension Here

by Leon Harris
January 15, 2026

The Israeli District Court recently gave an interim decision that leaving Israel to reside abroad may be easier than emptying your Israeli pension fund as you go (Civil Appeal 1740-12-24 of 28.11.25). This may be relevant both to emigres from…

Higher Israeli Tax Installments For Most Private Companies

by Leon Harris
December 30, 2025

The Israeli tax authority (ITA) has just issued instructions for raising 2025 tax installments for most private companies in Israel backed up by a wave of tax payment demands in the post (ITO Section 62A Instructions 23.12.25). Foreign companies owned…

OECD Tries To Fix Home Office Tax Traps

by Leon Harris
December 1, 2025

When people work from home or a vacation home, the tax result is often a mess. And a recent OECD solution leaves doubts. People in many sectors can work online wherever they want – at the office, at home or…

R&D Centers Are Massive Business For Israel

by Leon Harris
December 1, 2025

The Israeli Tax Authority has just removed an obstacle to mega billion hitech takeovers – with conditions. The Israeli Tax Authority (ITA) has just issued a Tax Circular with the innocuous title “Allocation of Income To R&D Centers” (Circular 8/2025…

Untrapping Company Profits

by Leon Harris
December 1, 2025

Israeli Tax Law now allocates most private company profits to the shareholders. This Increases taxes from 23% to 50%. Action needed. New regulations spell out how groups of family-owned companies can pay the new tax on past trapped profits. This…

The Trump Technique – Bargaining Chips!

by Leon Harris
December 1, 2025

How to achieve any deal – peace, skyscraper, or M&A? On October 13, US President Donald Trump delivered a speech in the Knesset. It seems 119 Knesset Members were impressed, one had to be removed. What was impressive was the…

New Israeli Tax Amnesty – Clarifications

by Leon Harris
December 1, 2025

Tax Amnesty helps taxpayers bring things up to date. Applicants must be named, and have sufficient paperwork. The Israeli tax Authority (ITA) issued on September 1, 2025 some clarifications that try to patch up problems with the new Israeli tax…

Calling All Olim (Immigrants)

by Leon Harris
December 1, 2025

Why endure tough times outside Israel, when tax breaks are on offer for up to 10 years in Israel? The world is full of problems. Israel has problems but Israelis learn to cope. As Steve US Special Envoy Witkoff told…