The Tel-Aviv Regional Labor Court has ruled that a person cannot change their mind about whether they are Israeli resident for the purposes of Israeli social security (Bituach Leumi, National Insurance). As a result, the individual had to pay Israeli social security arrears spanning 2016-2020 and potentially US social security ... Read More
Category: Israeli Exempt Companies
14
Apr2025
The Israeli Tax Authority now accepts that an M&A deal accelerates vesting - it didn't always before if the start of the vesting period wasn't clear-cut. This means Israeli employees in an ESOP (employee stock/share option plan) are more likely now to enjoy Israeli tax breaks (25%-30% tax) if an ... Read More
April 14, 2025Leon Harris
07
Apr2025
US President Trump and Prime Minister Netanyahu revealed what a country has to do to dodge the US tariff bullet. The medicine might be bitter.
On April 7, 2025 US President Trump and Israeli Prime Minister Netanyahu announced at a press conference in the White House that Israel will produce a ... Read More
April 7, 2025Leon Harris
16
Mar2025
Newly re-elected US President Trump is shaking up the world from Gaza to Ukraine, Greenland, Canada, Mexico, Panama and the EU. Is he being erratic and unpredictable?
Definitely not, so far he is following his own tactics spelt out in Trump: The Art of the Deal. This book dates back to ... Read More
March 16, 2025Leon Harris
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
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
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