Category: Israeli Personal Tax Planning

11

Sep2017
Leon Harris The Israeli Supreme Court, sitting as the High Court of Justice (Bagatz), issued a landmark decision on August 6 cancelling the controversial new multi home tax (Bagatz 10042/16 et al). This was for procedural reasons due to a serious defect in the way the tax was hastily enacted as part ... Read More

19

Jul2017
The recent G20 summit in Hamburg last weekend wasn’t only about North Korea and Syria. The G20 also reaffirmed their commitment to create a globally fair modern international tax system. A report by the OECD to the G20 leaders before the summit sheds light on which companies with ... Read More

19

Jul2017
The Israeli Tax Authority (ITA) published on May 22 a backdated Circular on the implementation of Israel’s FATCA Agreement with the United States of America (Circular 3/2017 dated February 12, 2017). What is FATCA all about? Briefly, the US Congress enacted the Foreign Account Tax Compliance Act ... Read More

06

Apr2017
In most countries, taxpayers know when is their deadline for filing tax returns.  Not in Israel. Monthly Reporting Deadlines: Accountancy circles have recently been buzzing with excitement and trepidation. Most businesses are required to file monthly/bimonthly tax and VAT returns by the 15th day after the end of each month or bimonthly ... Read More

22

Mar2017

22

Mar2017

26

Feb2017
They say confession is good for the soul. It is also good for the Treasury. Israeli tax law now requires disclosure of reportable actions, reportable opinions and reportable positions to the Israeli Tax Authority. On December 26, 2016 the Israeli Tax Authority (ITA) published the first batch of reportable positions – ... Read More

01

Feb2017
Israel is a lot less taxing than it used to be - and a bit less than many other countries. Following is a summary of the Israeli rates and tax brackets for 2017.   Businesses: The regular company tax rate is 24% The  regular dividend tax rate is 30%-33% for ... Read More

26

Dec2016
The Israeli Supreme Court has just ruled how to translate foreign securities investment dealings by Israeli resident individuals into Shekels. The result is complex and may affect your Israeli tax bill significantly if you are Israeli resident. Background In 2003, Israeli residents began reporting and paying ... Read More

21

Dec2016
 The start-up nation offers investors a tax break for investing in its hi-tech startups. The original 2011 version was unsuccessful as too many conditions had to be met. So on January 20, the Knesset passed an amendment aimed at making things a little easier. It is tucked ... Read More

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