Category: Israeli Exempt Companies

15

Jun2024
If your business is on a cost plus basis, that may soon change. The Israeli Tax Authority (ITA) has just won a significant victory in the Israeli District Court against the use of the “cost plus” basis of compensation (Ebay Marketing Israel Ltd vs. Netanya Assessing Officer, civil appeal 54654-05-19, handed ... Read More
June 15, 2024Leon Harris

15

Jun2024
An Israeli court has just ordered a refund of tax unlawfully collected by the Israeli Tax Authority (ITA) on the sale of certain homes in Israel between 2007 and February 28, 2023. Total tax refundable is estimated at NIS 118 million. If you sold an Israeli home then, could you ... Read More
June 15, 2024Leon Harris

15

Jun2024
The Israeli Tax Authority (ITA) announced on April 9, 2024, that all Israeli charities must issue digital receipts starting January 1, 2025. That’s if they want their donors to go on enjoying Israeli tax relief under Section 46 of the Income Tax Ordinance. This follows hot on the heels of electronic ... Read More
June 15, 2024Leon Harris

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