Category: General Business

16

Sep2020
Corona Business Update Sep 16, 2020 On Sunday September 13, the Israeli Cabinet imposed a general lockdown starting from Friday September 18 at 2pm, until October 11. Most businesses can continue to operate without accepting visitors according to new rules drawn up by the Finance Minister. It seems essential businesses can continue ... Read More
September 16, 2020Leon Harris

04

Sep2020
The Israeli government is deliberating whether to go for another general lockdown or make do with local lockdowns based on a “traffic light” color system. Every business needs to plan their activity accordingly. What can we glean from recent statistics? The R Factor: In corona times, an important statistic is the R ... Read More
September 4, 2020Leon Harris

13

Aug2020
Corona Grants Latest - August 13, 2020  While some businesses operate smoothly from the office or from home, others are less lucky and need government aid. In Israel, grants come and go, here’s a summary of what is currently available as of mid-August 2020. Several grant programs are new or revamped ... Read More
August 13, 2020Leon Harris

06

Aug2020
The coronavirus is showing little sign of letting go. If only the Red Sea could open up for us all and engulf the pandemic. In the meantime, the Israeli government is continuing with (limited) economic assistance, here is the latest. Personal grants of NIS 750: By now, Israeli residents should have started ... Read More
August 6, 2020Leon Harris

15

Jun2020
June 15, 2020 Bribery and kickbacks are illegal in many countries, including the US, UK and Israel. But anyone with investments in Switzerland may not know they were affected and may even be due a fee refund, which can be substantial.   This refers to hidden “retrocession fees” or “portfolio maintenance commission” which ... Read More
June 15, 2020Leon Harris

15

Jun2020
June 15, 2020 The Israeli government published a draft bill on June 1 proposing to pay job grants to employers who take on new employees or take back employees who were furloughed (Halat). How much is proposed? Monthly grants would be available for the period June to September, 2020. For each additional employee in ... Read More
June 15, 2020Leon Harris

15

Jun2020
 EU and UK Dealings May Be Reportable  June 15, 2020 Tough new rules will require many innocent cross border arrangements involving the EU to be reported to tax authorities in the EU and UK, commencing July 1, 2020. This is under Council Directive 2018/822/EU, commonly known as DAC 6.  Israel, the ... Read More
June 15, 2020Leon Harris

07

May2020
The Israeli Tax Authority opened their website on May 6, 2020, for the second round of grants for freelancers, and has promised to do so for company owners on May 18 (everyone wishes it were sooner). Here is the link to make a grant application: https://www.gov.il/he/service/grant-self-employed-persons-for-corona-period-2 You will need to first have ... Read More
May 7, 2020Leon Harris

18

Mar2020
UPDATE APRIL 27, 2020 Last Friday (April 24) the Israeli government announced another series of economic measures to help with the coronavirus economic crisis, which are summarized herein. They include long awaited grants for company owners, among others, but with some stings in the tail. Retail shops: Most retail shops and hairdressers are ... Read More
March 18, 2020Leon Harris

18

Mar2020
The OECD and G20 issued a statement on January 30, 2020, agreeing outline for further negotiations and work on reforming the international tax rules for many larger multinational groups. This raises several issues. What are the likely new rules for multinationals? What will governments do with resulting tax revenue increases ... Read More
March 18, 2020Leon Harris