One of the many repercussions of the Israel-Hamas war concerns double national insurance (=social security) also known as Bituach Leumi in Hebrew. Imagine an Israeli who relocated “permanently” to the USA (or many other countries – see below) with his family but patriotically returns to Israel to serve in the IDF ... Read More

The District Court has ruled that large interest free loans from a US parent corporation to an Israeli subsidiary company are not okay (eBay Israel Holdings Ltd Vs. Netanya Assessing Officer, civil appeal 51066-03-20, of December 5, 2023). But the judgment has many twists and turns and some Hebrew write-ups ... Read More

The Israeli government has introduced a program of grants for Israelis who choose to start working in agriculture or construction in Israel (https://www.btl.gov.il/HaravotBarzel1/Pages/MankTimrozHB.aspx) . Background. Not only Jews suffered on the October 7. Tragically, some foreign workers from Thailand and elsewhere were also killed then and others were taken hostage into Gaza ... Read More

The Israel-Hamas war continues. Below is a round-up summarizing recent announcements from the Israeli Tax Authority (ITA), the National Insurance Institute (Bituach Leumi), the CPA Institute and others: Compensation delays: One of the complaints against the Israeli government system of war compensation concerns the delay in getting paid, at a time when ... Read More

The Israeli tax year ends on December 31. The Israel-Hamas war only adds to the checklist of things to plan at year-end and indeed at other times. The Big Picture: The Israel-Hamas war is adding to the government’s budgetary needs. So taxes won’t be cut any time soon. War assistance: Israeli businesses and others ... Read More

The Israeli government is gradually getting its act together in providing financial support for people and businesses. Below is a brief update as of November 7, not complete as the measures are still evolving. Evacuees: Relocation grants are to be paid automatically by the National Insurance Institution (NII) into the bank accounts ... Read More

Below is a round-up of business and other announcements relating to the Swords of Iron war. Tax reporting:   The deadline for reporting and tax payment for the purposes of VAT, withholding taxes and tax advance payments for September 2023 has been extended (by only a few days) to October 26, but ... Read More

Last Saturday October 8, 2023, Southern Israel and the world witnessed appalling acts of acts of wanton savagery unprecedented since the Holocaust – thousands of dead, injured and abducted civilians. Our hearts go out to the affected people, their families and their friends. And we salute the IDF including the ... Read More

The Israeli government published a bill on September 6, 2023, which aims to tighten up Israeli rules for taxing offshore controlled foreign companies (CFCs) and foreign professional companies (FPCs). The Israeli proposals have echoes of US GILTI (global intangible low-taxed income) rules in the US. Israeli CFC rules aim to tax ... Read More