Category: Israeli Corporate Tax Planning

01

May2024
The OECD has announced rules to help distributors fix a standard profit margin for tax purposes in around 145 countries. If you import or export physical goods, you must consider this. The rules are complex, but our firm has developed special software for international distributors. The OECD has published important ... Read More
May 1, 2024Leon Harris

01

May2024
The Israeli Tax Authority has developed a new procedure for the good guys to pay tax on their gains from bitcoins and other virtual currencies.
May 1, 2024Leon Harris

21

Apr2024
It ain't necessarily so....
April 21, 2024Leon Harris

18

Apr2024
How do you buy or sell a company at a good price. What else matters?
April 18, 2024Leon Harris

08

Apr2024
Leon Harris and Yoad Frenkel In a word, No. The Knesset has just passed an amendment which lessens but not removes the 10 year Israeli tax holiday for foreign income of new residents and senior returning residents who lived abroad for at least 10 years (“Olim”) (Income Tax Ordinance amendment 272, ... Read More
April 8, 2024Leon Harris

30

Mar2024
Can a business recover VAT on war security expenditure? In many countries that have VAT or similar taxes, a business can claim back VAT on business expenditure but not private expenditure. So is war security expenditure business or private? The Israeli CPA Institute took this dilemma to the Israeli VAT Authorities ... Read More
March 30, 2024Leon Harris

30

Mar2024
The Israeli Tax Authority (ITA) has just published a notice about optimizing charity donations (“Credit for Donations of capital Assets In Kind” April 21, 2024). Charitable giving or Tzedakah is an important part of the Jewish religion. Helping others in need is not only a good deed, it can be tax ... Read More
March 30, 2024Leon Harris

12

Mar2024

More Taxes Soon

With a war to finance and covid 19 expenses still lingering, Israeli taxation is going only one way, which isn’t down. Please don’t shoot the messenger. Coming soon: higher VAT and perhaps an electric car travel  tax. Value Added Tax (VAT): The standard rate of VAT in Israel will rise from 17% ... Read More
March 12, 2024Leon Harris

26

Feb2024
The Israeli government published a draft bill on February 22, 2024 proposing to repeal the ten year reporting exemption for Olim. This will relate to foreign income and assets of theirs and of trusts they are a party to. But this only relates to disclosure – the existing ten-year exemption ... Read More
February 26, 2024Leon Harris

21

Feb2024
Israel is moving onto a mandatory system of e-invoicing, known as “Israeli Invoices”, on April 1. This will be no joke for quite a few Israeli businesses. The date was pushed back 3 months due to the war. In a nutshell, if a business wants to issue a Tax Invoice for ... Read More
February 21, 2024Leon Harris