The Israeli Tax Authority (ITA) has continued its tradition of issuing rules with or without Knesset approval. This time the issue is meal expenses for foreign sportspersons. The ITA rules leave many big unanswered questions. Even the Israeli CPA Institute…

The Israeli Tax Authority (ITA) recently published two interesting tax rulings, regarding the Israeli tax consequences, or lack of them, upon migration. This matters for a wandering people.  When a tax ruling is issued, other taxpayers can assume similar consequences…

What should we glean from the reported collapse of Google’s expected deal to acquire Israeli cyber company Wiz for $23 billion? Wiz apparently now prefers to go for an IPO (initial public offering) on a stock exchange exchange instead of…

Being accused of tax evasion is serious. What do you do if the Israeli Tax Authority (ITA) throws the book at you and accuses you of artificial tax evasion? One taxpayer threw the book right back and won in the…

If your business is on a cost plus basis, that may soon change. The Israeli Tax Authority (ITA) has just won a significant victory in the Israeli District Court against the use of the “cost plus” basis of compensation (Ebay…

An Israeli court has just ordered a refund of tax unlawfully collected by the Israeli Tax Authority (ITA) on the sale of certain homes in Israel between 2007 and February 28, 2023. Total tax refundable is estimated at NIS 118…

The Israeli Tax Authority (ITA) announced on April 9, 2024, that all Israeli charities must issue digital receipts starting January 1, 2025. That’s if they want their donors to go on enjoying Israeli tax relief under Section 46 of the…

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....