They say confession is good for the soul. It is also good for the Treasury. Israeli tax law now requires disclosure of reportable actions, reportable opinions and reportable positions to the Israeli Tax Authority.
On December 26, 2016 the Israeli Tax Authority (ITA) published the first batch of reportable positions – ... Read More
Israeli tax breaks for tech companies have just been clarified and extended, with effect from January 1, 2017, pursuant to Amendment 73 to the Law for the Encouragement of Capital Investments, 1959. It seems sure to further boost the Israeli economy.
The amendment comes in the wake ... Read More
The Knesset Finance Committee is working day and night debating, amending and approving tax measures in the latest budget bill. Below is an overview of what we know so far, according to announcements by the Knesset Finance Committee and the Israeli Tax Authority (ITA). They are not final, ... Read More
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 ... Read More
The Director of the Israeli Tax Authority (ITA), Mr Moshe Asher, presented his thoughts on Israeli tax administration on June 15.
This was at the annual conference of the Israeli branch of STEP, the Society of Trust and Estate Practitioners. Following are some of the highlights.... Read More
Leon Harris and Shai Erez
Last Sunday, March 27, the Israeli Supreme Court, sitting as the High Court of Justice (Bagatz) struck down the Israeli government's "framework" (Mitveh) for exploiting gas in the Mediterranean and gave the government a year to sort it all out. The "framework" ... Read More
People are often surprised to find that living in Israel is a lot less taxing than it used to be - and a bit less than many other countries. Following is a non-exhaustive summary of the Israeli rates and tax brackets for 2016
Business tax rate... Read More
The recent United Nations Climate Change Conference, COP 21 or CMP 11 culminated in the adoption of the Paris Agreement in December 12, 2015, a global agreement on the reduction of climate change. This represents a consensus of the representatives of the 196 parties that participated, including Israel. The agreement will apparently become legally binding if ... Read More