The OECD has announced rules to help distributors fix a standard profit margin for tax purposes in around 145 countries. If you import or export physical goods, you must consider this. The rules are complex, but our firm has developed…

The Israeli Tax Authority has developed a new procedure for the good guys to pay tax on their gains from bitcoins and other virtual currencies.

It ain't necessarily so....

How do you buy or sell a company at a good price. What else matters?

Leon Harris and Yoad Frenkel In a word, No. The Knesset has just passed an amendment which lessens but not removes the 10 year Israeli tax holiday for foreign income of new residents and senior returning residents who lived abroad…

Can a business recover VAT on war security expenditure? In many countries that have VAT or similar taxes, a business can claim back VAT on business expenditure but not private expenditure. So is war security expenditure business or private? The…

The Israeli Tax Authority (ITA) has just published a notice about optimizing charity donations (“Credit for Donations of capital Assets In Kind” April 21, 2024). Charitable giving or Tzedakah is an important part of the Jewish religion. Helping others in…

With a war to finance and covid 19 expenses still lingering, Israeli taxation is going only one way, which isn’t down. Please don’t shoot the messenger. Coming soon: higher VAT and perhaps an electric car travel  tax. Value Added Tax…

The Israeli government published a draft bill on February 22, 2024 proposing to repeal the ten year reporting exemption for Olim. This will relate to foreign income and assets of theirs and of trusts they are a party to. But…

Israel is moving onto a mandatory system of e-invoicing, known as “Israeli Invoices”, on April 1. This will be no joke for quite a few Israeli businesses. The date was pushed back 3 months due to the war. In a…