Category: International Tax Planning

09

Feb2025
Dear Clients and Friends, The times they are a changin', as Bob Dylan sang. With this in mind, we present below an article on Trump's Building Plan. There are notable Israeli tax breaks for residential projects in Israel and potentially in Gaza…. For businesses, there is a new tough Israeli tax law on ... Read More
February 9, 2025Leon Harris

02

Feb2025
We are pleased to announce that, by popular demand, we are adding a Zoom facility to this Thursday's event (see below). Now people around the world can hear how Israel raised the tax on their Israeli business interests and what to do about it.  The excellent classical music in the second ... Read More
February 2, 2025Leon Harris

02

Jan2025
Commencing in 2025, a controversial Israeli amendment makes the following main changes: (1) A 2% surtax on undistributed profits of many companies, including profits earned years ago, (2) Up to 50% tax for shareholders on profits made by various professional companies.
January 2, 2025Leon Harris

30

Dec2024
The Israeli District Court has ruled that the Coca Cola’s Israeli bottler should have withheld royalty withholding tax on payments for imported Coke concentrate because of the Coke trade name. Did the Court mis-read OECD guidance? How wide are the ramifications for trade with Israel? Why are passages on 13 ... Read More
December 30, 2024Leon Harris

14

Dec2024
Israeli businesses and their clients are preparing for the rise in VAT to 18% in 2025.
December 14, 2024Leon Harris

08

Dec2024

Year-End Tax Planning

Reasonable year-end tax planning is advisable for businesses and families.
December 8, 2024Leon Harris

01

Dec2024
The Israeli tax break rules are being tightened up for new Employee Share (=Stock) Ownership Plans (ESOPs) commencing January 1, 2025. This will be important for many Israeli hitech and other companies, and their employees.   (Regulations Number 11461 of Sep 17, 2024) Current ESOP Tax Breaks in Israel Section 102 of the ... Read More
December 1, 2024Leon Harris

11

Nov2024

Israeli Tax Update

The proposed Israeli budget tax proposals are now cantering along. Here is a brief update.
November 11, 2024Leon Harris

04

Nov2024
With the war into its second year, we are experiencing a wave of enquiries from people thinking of buying a one way ticket out of Israel to live elsewhere.  Below we briefly discuss some of the tax challenges of no longer residing in Israel. Israeli tax issues: Here is the crunch. If ... Read More
November 4, 2024Leon Harris

19

Oct2024
The Israeli Finance Ministry published its draft economic program (i.e. budget) for 2025 on October 14, 2024. This contains a series of decisions and explanations but no clauses yet for the draft 2025 budget law. The credit rating agencies have complained about delays in the 2025 budget process. They do ... Read More
October 19, 2024Leon Harris