Category: Israeli Exempt Companies


  The Israeli Tax Authority has published a report proposing to reform international taxation rules ( Unfortunately, many of the proposals will involve bureaucratic form-filling, looking for tax planning. Moreover, the proposals miss the big money by ignoring the OECD’s recent (2020/21) twin pillar tax package aimed at larger multinationals. The Israeli Tax Authority ... Read More
December 9, 2021Leon Harris


Covid-19 hasn’t gone away and many families are enjoying their own company quarantined in their home in isolation. Sometimes this stops people working. The Israeli government has now issued new rules for paying confinement compensation via the National Insurance Institute (NII). Below is a summary based on our understanding. Self-Employed Quarantine ... Read More
December 4, 2021Leon Harris


On July 1, 2021, the OECD and G20 announced that 130 countries, led by the USA, have joined the Two Pillar tax reform package to “ensure that multinational enterprises pay a fair share of tax wherever they operate.” The OECD hopes to reallocate a quarter of a trillion dollars of taxable ... Read More
July 7, 2021Leon Harris


The G7 finance ministers have just reached a “historic agreement” on how to reform global taxation. The G7 comprises the United Kingdom, Canada, France, Germany, Italy, Japan, the United States. The problem: The problem is that business done on the internet cloud currently escapes tax legally if the supply company is resident ... Read More
June 6, 2021Leon Harris


On May 31, 2020, the governments of Israel and the United Arab Emirates (UAE) signed an income tax treaty for the avoidance of double taxation and prevention of fiscal evasion. This follows on from the Abraham Accords including the  “Treaty of Peace, Diplomatic Relations and Full Normalization between the UAE and ... Read More
June 2, 2021Leon Harris


On May 21, 2021 a ceasefire ended the latest 11 day conflict between Israel and Hamas-ruled Gaza, known as Operation Guardian of the Walls. The loss of civilian lives was a tragedy for all sides. An IDF spokesman said on Israeli TV that the ceasefire may be considered a success ... Read More
May 23, 2021Leon Harris


The OECD presented on October 8, 2021, an updated version of its “Two Pillar” package of proposals for reforming international taxation of larger multinational enterprises (MNEs). This package now is supported by 136 countries representing over 90% of global GDP, after Ireland, Estonia and Hungary reluctantly fell into line. Will your group’s ... Read More
March 31, 2021Leon Harris


Janet Yellen’s International Tax Policy – Will It Affect You? Dr Janet Yellen is a very important person who was appointed Secretary of the US Treasury on January 26, 2021. At the US Senate Finance Committee hearing on her nomination 5 days earlier, Janet Yellen answered an array of questions, providing ... Read More
February 26, 2021Leon Harris


As nearly everyone knows, it is no easy matter getting money into Israel. Olim are especially exposed to this issue. The problem is not moving the money, it is being allowed by your Israeli bank to use it.  The banks have become the anti-money laundering goal-keepers of Israel. They have been ... Read More
January 27, 2021Leon Harris


Is the Israeli Tax Authority (ITA) too tough on taxpayers? If so, what can be done about it? The ITA has a habit of using its clout, as well as administrative tax circulars, tax rulings (published and unpublished) and reportable tax positions to lay down the its version of what the ... Read More
January 14, 2021Leon Harris