The Israeli Tax Authority opened their website on May 6, 2020, for the second round of grants for freelancers, and has promised to do so for company owners on May 18 (everyone wishes it were sooner). Here is the link to make a grant application: https://www.gov.il/he/service/grant-self-employed-persons-for-corona-period-2 You will need to first have ...
May 7, 2020Leon Harris
UPDATE APRIL 27, 2020 Last Friday (April 24) the Israeli government announced another series of economic measures to help with the coronavirus economic crisis, which are summarized herein. They include long awaited grants for company owners, among others, but with some stings in the tail. Retail shops: Most retail shops and hairdressers are ...
The OECD and G20 issued a statement on January 30, 2020, agreeing outline for further negotiations and work on reforming the international tax rules for many larger multinational groups. This raises several issues. What are the likely new rules for multinationals? What will governments do with resulting tax revenue increases ...
Israeli hitech employees are highly motivated people who regularly work wonders of a technological nature. Part of that motivation comes from employee share option plans (ESOPS) which may provide a tax break if things go well in the tech company concerned But on the tax side, there have been developments that ...
The Tzfat Magistrates Court has just ruled that a lien (bank freeze) slapped on an unsuspecting taxpayer by the Israeli Tax Authority (ITA) was against the law and defamatory. The ITA was given 30 days to pay damages and costs!! (Case 2692-08-18 issued February 16, 2020). This case will be of ...
The Israeli Tax Authority (ITA) has issued a new generic Ruling allowing a streamlined procedure for B2B (business to business) e-commerce supplies by foreign businesses to Israeli businesses (Ruling 6369/18). The tax or lack thereof on e-commerce is a hot topic. On June 21 this year, the US Supreme Court ruled in the ...
January 30, 2020Leon Harris
Calling all Brits! Wondering what the future holds? You are invited to our upcoming seminars - “Israel InSight”. Discover what hope and inspiration Israel offers Olim and other insightful people. Sep 18 6.30 pm - Manchester “The Shrubberies” / Sep 19 6.30 pm - London JW3 Also available for Private Meetings Specialist UK ...
September 6, 2019Leon Harris
On April 11, Israelis and others were riveted to their TV screens and YouTube as the Beresheet spacecraft reached the Moon and nearly landed successfully. This was a major achievement and nobody was hurt. Beresheet means in the beginning. An early question coming to mind is if Bereshhet had made ...
April 18, 2019Leon Harris
Post Election Tax Agenda Leon Harris The Israeli general election is over, the coalition building process has begun. Tax was not exactly the top issue. The Likud party election manifesto called for tax and VAT reductions over the long term without saying how. The Blue and White party manifesto proposes to encourage ...
April 12, 2019Leon Harris
On or around January 21 this year, the Israeli Tax Authority (ITA) saw fit to issue to many Israeli taxpayers demands to file “missing” online annual tax returns going back many years, typically 2008-2012. This may be a nightmare scenario - being forced to find and report income and expense documentation ...
February 12, 2019Leon Harris