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 ... Read More
Category: International Tax Planning
06
Sep2019
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 ... Read More
September 6, 2019Leon Harris
12
Apr2019
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 ... Read More
April 12, 2019Leon Harris
12
Feb2019
We all know that the Boston tea partygoers believed they should not pay taxation without representation. But now that democracy has arrived in the USA and most other countries, what (if anything) motivates us to pay taxes?
The OECD refers to this motivation to pay tax as “tax morale”. A recently ... Read More
February 12, 2019Leon Harris
27
Jan2019
Israel is a lot less taxing than it used to be.
Following is a summary of the Israeli rates and tax brackets for 2019.
Businesses:
The regular company tax rate is 23%.
The regular dividend tax rate is 30%-33% for 10%-or-more shareholders, 25%-28% for other shareholders, resulting in a combined tax burden on distributed corporate profits of 42.25%-48.41%, subject to any tax treaty.
Preferred income derived by preferred industrial and tech enterprises ... Read More
January 27, 2019Leon Harris
27
Jan2019
There has been high drama in the stock options world. The Israeli Tax Authority (ITA) issued a Circular which appears to aim at exits – IPOs and takeovers – but largely misses. But the ITA also sneaked in a Ruling which appears to encourage Yerida - emigration from Israel!
Stock (share) ... Read More
January 27, 2019Leon Harris
03
Jan2019
When US multinationals buy out the shareholders of an Israeli tech company, they often don’t realize that moving the technology out the company subsequently to a group IP affiliate will trigger Israeli tax. That is in addition to any Israeli tax already paid by the selling shareholders, i.e. double taxation.
In ... Read More
January 3, 2019Leon Harris
20
Dec2018
You might think nothing happened at the G20 summit a week ago because Trump ignored Putin, Saudia Arabia was sidelined and Britain is brexiting.
In fact, the G20 is a major event at which the leaders of around 85% of the world economy issue directives on a host of economic matters ... Read More
December 20, 2018Leon Harris
20
Dec2018
The Israeli Supreme Court has just shot down the use of a company incorporated in Ramallah (Shai Tzmarot (Oranit) Vs VAT Director Petach Tikva, Civil Appeal 1609/16, handed down November 1, 2018). This was done using the old UK tax concept of central management and control, but with a Hebrew ... Read More
December 20, 2018Leon Harris
20
Nov2018
The Bank of Israel Bank Supervisory Department published draft new instructions to Israeli banks regarding checks required to ascertain whether money was properly taxed. In 2016 certain tax offenses were made “predicate offenses” under Israel’s anti money laundering rules, which Israeli banks administer. In other words Israeli banks were turned ... Read More
November 20, 2018Leon Harris