The Israeli Tax Authority published final instructions regarding Reverse Vesting shares on June 5 (Circular 5.2017. This will be of interest to many people in the Start-Up Nation.
Until now, founders and key personnel holding 10% or more of a company seemed to miss out on the opportunity to pay only 25% tax ... Read More
Category: General Business
11
Sep2017
Leon Harris
As part of the Israeli budget law for 2017 and 2018, the tax on dividends paid by companies to material shareholders was reduced to 25% in certain circumstances. But the deadline for doing so is October 1, 2017
The dividend tax change accompanies other new rules against to “wallet companies”, also ... Read More
September 11, 2017Leon Harris
19
Jul2017
If you buy the shares of an Israeli hitech company and think you are buying the technology too, think again. The Israeli merger and acquisition (M&A) scene just took a turn for the worse.
An Israeli Court has ruled that double Israeli tax applies if a purchaser buys all the shares ... Read More
July 19, 2017Leon Harris
22
Mar2017
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March 22, 2017Leon Harris
22
Mar2017
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March 22, 2017Leon Harris
28
Dec2016
Israel has just passed tax incentives for renewable energy and the OECD has pronounced on finance for energy saving investment.
This follows the Paris Agreement of December 2015, in which 195 countries adopted an action plan to avoid dangerous climate change by limiting global warming to below 2°C.
New Israeli Renewable Energy ... Read More
December 28, 2016Leon Harris
26
Dec2016
The Israeli tax Authority has just published a ruling which clarifies when zero rate VAT applies to medical tourism. (Ruling 7369/16 of June 2, 2016)
The facts of the case:
The Ruling addresses a generic situation in which an Israeli doctor, registered for Israeli VAT purpose as an "Authorized Dealer", treats foreign ... Read More
December 26, 2016Leon Harris
21
Dec2016
Our take on Brexit is nothing happened
Instead there is already a new sheriff in town for Britain, Israel and over 100 other countries - the OECD. See our recent May 31 article: http://www.jpost.com/Business-and-Innovation/Your-Taxes-New-sheriff-in-Israel-455581
The case for the UK staying in the EU was mainly based on fear of change. Immigration was ... Read More
December 21, 2016Leon Harris
21
Dec2016
Starting a business is no picnic, so you should always write a business plan. This will include basic things like goals, competitive advantage, marketing, operations, finance, legal protection, risk management and timing. Not to mention tax planning. Here's a few more macro level tips to consider.
1. Self employed or company?
Going ... Read More
December 21, 2016Leon Harris
14
Dec2016
The Israeli tax Authority (ITA) and Swiss Finance Ministry signed on November 27 a declaration of intent regarding the exchange of information about financial accounts. The aim is to enhance cooperation regarding the supply of information, “egalitarian enforcement” of taxation in Israel, truthful tax payment and limit black money.
This is ... Read More
December 14, 2016Leon Harris