Israel has seen a wave of exit deals. Exits can be paid for with cash or shares of the acquirer, especially if the acquirer’s shares are publicly traded on a stock exchange – that is as good as cash isn’t it? Not if there is immediate tax to pay and ... Read More
Category: General Business
25
Oct2017
Are Bitcoins and Other Virtual Currencies Tax-Exempt?
In 1964, the Dave Clark Five pop group raised room temperatures with their foot stomping hit “Bits and Pieces”. In 2017, the rise in bitcoin prices is again raising room temperatures.
To add to the euphoria, some think there is a big Israeli tax loophole.
With ... Read More
October 25, 2017Leon Harris
27
Sep2017
In recent months we have witnessed several exit deals where Israeli hitech companies have been sold for a pretty penny.
But suppose some of the consideration payable to the founders and key employees is held back and subject to staying on for a period as an employee in the post-acquisition group?
Is ... Read More
September 27, 2017Leon Harris
27
Sep2017
The Israeli Tax Authority published final instructions regarding Reverse Vesting shares on June 5 (Circular 5.2017. This will be of interest to many people in the Start-Up Nation.
Until now, founders and key personnel holding 10% or more of a company seemed to miss out on the opportunity to pay only 25% tax ... Read More
September 27, 2017Leon Harris
11
Sep2017
Leon Harris
As part of the Israeli budget law for 2017 and 2018, the tax on dividends paid by companies to material shareholders was reduced to 25% in certain circumstances. But the deadline for doing so is October 1, 2017
The dividend tax change accompanies other new rules against to “wallet companies”, also ... Read More
September 11, 2017Leon Harris
19
Jul2017
If you buy the shares of an Israeli hitech company and think you are buying the technology too, think again. The Israeli merger and acquisition (M&A) scene just took a turn for the worse.
An Israeli Court has ruled that double Israeli tax applies if a purchaser buys all the shares ... Read More
July 19, 2017Leon Harris
22
Mar2017
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March 22, 2017Leon Harris
22
Mar2017
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March 22, 2017Leon Harris
28
Dec2016
Israel has just passed tax incentives for renewable energy and the OECD has pronounced on finance for energy saving investment.
This follows the Paris Agreement of December 2015, in which 195 countries adopted an action plan to avoid dangerous climate change by limiting global warming to below 2°C.
New Israeli Renewable Energy ... Read More
December 28, 2016Leon Harris
26
Dec2016
The Israeli tax Authority has just published a ruling which clarifies when zero rate VAT applies to medical tourism. (Ruling 7369/16 of June 2, 2016)
The facts of the case:
The Ruling addresses a generic situation in which an Israeli doctor, registered for Israeli VAT purpose as an "Authorized Dealer", treats foreign ... Read More
December 26, 2016Leon Harris