The Israeli Supreme Court has just issued a judgment of interest to the Israeli hitech and industrial sectors and their employees (Kontera Technologies Ltd v Tel-Aviv 3 Assessing Office 943/16, Finisar Israel Ltd v Rehovot Assessing Officer 1728/16).
Transfer Pricing in Israel:
The Supreme Court handed down a combined judgment relating to ... Read More
Category: General Business
23
May2018
New restrictions will limit the use of cash and blank checks (cheques) commencing the beginning of 2019 pursuant to a law just passed by the Knesset (Law Limiting the Use of Cash, 2018, Book of Laws 2710).
The new law distinguishes between businesses, consumers (referred to as non-businesses) and tourists.
A business ... Read More
May 23, 2018Leon Harris
08
May2018
On 21 March 2018, the European Commission proposed new rules to ensure that digital business activities are taxed in a “fair and growth-friendly” way across the EU.
This followed an OECD report of March 16 revealing a lack of international consensus about taxing digital operators (Tax Challenges Arising from Digitalization –Interim Report).
The same day ... Read More
May 8, 2018Leon Harris
25
Apr2018
As Israel celebrates 70 years of independence, it is good to note what makes the start-up nation innovative and successful. A recent OECD report attributes this success in large part to venture capital (VC) funds (A Portrait of Innovative Start-Ups Across Countries). On March 14, the Israeli Tax Authority issued updated guidance ... Read More
April 25, 2018Leon Harris
11
Apr2018
At Passover we celebrated our exodus from Egypt and the season of our freedom. In modern times, that means the start-up nation in the promised land is free to make money from exits – selling tech and other businesses to multinational groups that need to stay ahead at all costs. ... Read More
April 11, 2018Leon Harris
28
Mar2018
Israelis love investing their spare Shekels in bricks and mortar. But when does a landlord stop being a passive investor and becomes an active business in the real estate field? Does it depend in the number of rental properties?
This matters, because on residential rental income, individuals may be as low ... Read More
March 28, 2018Leon Harris
14
Mar2018
The Israeli Tax Authority has just published a controversial tax ruling that imposes partial tax on a foreign investment fund.
Background:
Section 108 of the Israeli Income Tax Ordinance (ITO) empoweres the ITA to collect tax from an Israeli resident who represents a foreign resident. And the Israeli Tax Authority (ITA) claims ... Read More
March 14, 2018Leon Harris
12
Mar2018
The Israeli Tax Authority has just published a controversial tax ruling that imposes partial tax on a foreign investment fund with an Israeli presence.
Background:
Section 108 of the Israeli Income Tax Ordinance (ITO) empowers the ITA to collect tax from an Israeli resident who represents a foreign resident. And the Israeli ... Read More
March 12, 2018Leon Harris
12
Mar2018
החלטת רשות המסים פוגעת בקרנות השקעה זרות בישראל
ליאון הריס
רשות המסים בישראל פרסמה זה עתה החלטה מקדמית, המטילה מס חלקי על קרנות השקעה זרות מסויימות.
רקע כללי:
סעיף 108 לפקודת מס הכנסה בישראל מאפשר לרשות המסים לגבות מס מתושב ישראל המייצג תושב חוץ. רשות המסים טוענת כי רווחים ממכירת מניות וניירות ערך הינם ... Read More
March 12, 2018Leon Harris
25
Jan2018
The Start-Up nation thrives on cash. Where can an Israeli business find financial assistance? Try government sources including the Israel Innovation Authority - formerly the Office of the Chief Scientist and Matimop. Here is a brief overview.
Competitive Research and Development:
This program offers Israel’s primary financial incentives for R&D activities from ... Read More
January 25, 2018Leon Harris