Category: General Tax

23

Sep2014
  By KEVIN PACKMAN, LEON HARRIS 06/10/2014 21:49 US federal and state tax may then be creditable against any Israeli tax on US-source income and gains, pursuant to comprehensive rules of the US-Israel tax treaty. But US penalties cannot be credited in Israel.   Dollar bills. Photo: Steve Marcus / Reuters Firstly, for international businesses. We have often ... Read More

23

Sep2014
  06/17/2014 23:33 inShare Going offshore means registering any intellectual property (IP) in an offshore company and delegating R&D and marketing to onshore companies.   Invest in a Gold-1 Photo: INVEST IN A GOLD Money doesn’t grow on trees, and taking your business international is no picnic. On June 12, the International Business Structuring Association ... Read More

23

Sep2014
  06/25/2014 09:37   With regard to business operations, a resident of one country (e.g., Panamanian company) may be taxed in the other country (e.g., Israel) if it has a “permanent establishment” (PE) in the other country.   An accountant [illustrative photo] Photo: Ivan Alvarado / Reuters Panama is famous for its canal, colorful history and ... Read More

23

Sep2014
07/01/2014 23:25 The Israeli taxation of trusts changed on January 1, 2014.   Sometimes fact is stranger than fiction. Sometimes fiction drives the facts. For example, on June 25 the Israel Tax Authority (ITA) announced it is extending the deadline for reporting Relatives Trusts from June 30 to ... Read More

23

Sep2014
07/15/2014 23:16   What are the fiscal and financial implications of the military operation for Israelis?   Operation Protective Edge was launched by the IDF on July 7 in response to rocket attacks. What are the fiscal and financial implications? Tax reporting extension The Israel Tax Authority (ITA) extended the monthly ... Read More

23

Sep2014
07/29/2014 22:54 inShare The proposed regulations still require ratification by the Knesset Finance Committee and may yet undergo change, as discussed below. Operation Protective Edge was launched by the IDF on July 8 in response to missile and tunnel attacks on Israel, which are ongoing. An ... Read More

22

Sep2014
  07/29/2014 22:54 inShare The proposed regulations still require ratification by the Knesset Finance Committee and may yet undergo change, as discussed below. Rocket damages Yehud home. Photo: BEN HARTMAN Operation Protective Edge was launched by the IDF on July 8 in response to missile and tunnel attacks on Israel, which are ongoing. An earlier ... Read More

22

Sep2014
    08/12/2014 23:16 inShare1 The intended result was apparently a tax-free dividend from a foreign company for the parents under Israel’s territorial tax system before 2003.   A recent Israeli Supreme Court case may have implications in many countries around the world that apply the UK concept of “central management and control” as ... Read More

22

Sep2014
Israel announced on August 24 that it has signed a new tax treaty with Germany. Israel announced on August 24 that it has signed a new tax treaty with Germany. It still needs to be ratified by the Knesset and the German Parliament and is expected to become effective on January ... Read More

22

Sep2014
  In 2011, Israel passed a law allowing angel investors to claim a deduction for Israeli tax purposes for investments in certain Israeli hi-tech startups.   However, the conditions are so onerous that this incentive has not proved successful. Consequently, modifications are now proposed. The present law According to the Economic Policy Law for ... Read More

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