The Israeli Tax Authority (ITA) announced on June 28 that it is targeting tax evaders who rent out their homes on a short term basis via websites such as AIRBNB.
This comes just as Airbnb is reported to be lining up investors for a new funding round that would value the ... Read More
The Israeli Tax Authority (ITA) recently published a new tax form number 1345 for reporting tax opinions. This follows the enactment of Section 131 Daled of the Income Tax Ordinance last year pursuant to Amendment 215. Consequently, tax opinions given on or after January 1, 2016 may need to be ... Read More
The OECD issued a report on December 3, 2015, which concludes that global corporate revenues are falling, putting higher burdens on individuals. Israel joined the OECD in 2010.
Corporate contribution to tax revenues:
According to the OECD, corporate tax revenues have been falling across OECD countries since the global economic crisis of ... Read More
The Knesset has just passed a significant amendment requiring disclosure in certain cases of tax opinions received and tax positions adopted contrary to those of the Israeli Tax Authority (Amendment 215 to the Income Tax Ordinance, enacted via the Tax Benefits and Tax Advice Law (Legislative Amendments), 2015, Book of ... Read More
The Israeli tax Authority (ITA) and Swiss Finance Ministry signed on November 27 a declaration of intent regarding the exchange of information about financial accounts. The aim is to enhance cooperation regarding the supply of information, “egalitarian enforcement” of taxation in Israel, truthful tax payment and limit black money.
This is ... Read More
On November 5 the Israeli Tax Authority (ITA) announced that the Haifa District Court had lifted a gag order on a Swiss Bank affair that had been under wraps since June 26.
According to the announcement, the ITA had been running an undercover investigation on Swiss bank accounts held by Israelis. ... Read More