SNIPPET Archives - Harris Consulting & Tax

New Immigrant Exemption for Israeli source income

by Leon Harris
June 30, 2026

Despite the cost of the war, the Knesset managed to legislate some tax breaks for new immigrants (Olim) in the budget package passed on March 30, 2026 Olim already enjoy a 10 year Israeli tax holiday for foreign source income…

Roaring Lion War Compensation

by Leon Harris
May 10, 2026

The Knesset has just passed an Economic Assistance Plan Law on May 4, 2026, authorizing government compensation for businesses affected by Operation “Roaring Lion” (Book of Laws 3525). The next day, the Israeli Tax Authority (ITA) announced that it has…

Roaring Lion – Property Damage Relief

by Leon Harris
March 10, 2026

The Iranian missiles pack a punch, but some compensation is on offer from the Israeli government. Below we review some recent additions to the relief package. That said, the less needed, the better. Property claims: The Israel Tax Authority (ITA)…

Business Nearly As Usual

by Leon Harris
March 1, 2026

Dear Clients and Friends, Hope all is well. Yesterday, a new Iranian campaign erupted – called Lion’s Roar in Israel and Epic Fury in the US. Most Israelis are working from home. Others were called up to reserve duty. Children…

Digital Donations

by Leon Harris
February 28, 2026

By LEON HARRIS FEBRUARY 13, 2026 19:37 Charity used to begin at home, but now in Israel, it begins on the home page. As of January 1, the Israel Tax Authority required all charities to move over to an online system of…

Mortgage Blues

by Leon Harris
February 28, 2026

There are reports that some people are planning to stop repaying home mortgages. This apparently would be in protest over economic sanctions against IDF draft dodgers. The sudden loss of cash in the Israeli economy may cause a degree of chaos. Is…

OUT NOW! “M&A THIS WAY!” January 2026 Edition.

by Leon Harris
January 29, 2026

Practical guide book on how to prepare and succeed in an M&A deal. For company buyers, sellers, advisors and investors. For M&A deals of all sizes, including international M&A deals. Topics covered include: – Ingredients of an M&A deal; –…

Board Of Peace or Peace In Our Time?

by Leon Harris
January 17, 2026

The Trump administration has just announced the formation of a Board of Peace for Gaza. Will it really bring lasting peace? Or will it bring peace in our time as British prime minister Neville Chamberlain said just before World War…

Reportable Tax Positions 2025 Target US K-1 Forms

by Leon Harris
January 15, 2026

The Israeli Tax Authority (ITA) published more reportable tax positions on December 30, 2025 which are similar to reportable tax shelters in the US and UK. But the ITA also uses them to impose its interpretation of the tax law…

Credit Points for IDF Reservists; Property Tax Comeback

by Leon Harris
January 15, 2026

The effects of the war linger on. Starting this year (2026) IDF reservists may receive a tax break. Also, it is proposed to revive a 1.5% wealth tax on land that was dormant since the year 2000. IDF RESERVISTS The…

New Immigrant Exemption for Israeli source income

Roaring Lion War Compensation

Roaring Lion – Property Damage Relief

Business Nearly As Usual

Digital Donations

Mortgage Blues

OUT NOW! “M&A THIS WAY!” January 2026 Edition.

Board Of Peace or Peace In Our Time?

Reportable Tax Positions 2025 Target US K-1 Forms

Credit Points for IDF Reservists; Property Tax Comeback

Doing Business in Israel 2024

New Immigrant Exemption for Israeli source income

Roaring Lion War Compensation

No National Insurance Due On Passive Foreign Rental Income