Category: Israeli Corporate Tax Planning

27

Sep2017
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
September 27, 2017Leon Harris

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

11

Sep2017
Leon Harris The Israeli Tax Authority (ITA) reports that it sent its ace team of bookkeeping examiners to Ben Gurion airport in the early hours of July 25 to check out the taxi drivers, and made a startling discovery.  Not one of the drivers checked accurately recorded their income! The ITA team ... Read More
September 11, 2017Leon Harris

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
September 11, 2017Leon Harris

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 international operations are more ... Read More
July 19, 2017Leon Harris

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 (FATCA) in 2010 requiring non-US account information ... Read More
July 19, 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

19

Jul2017
The world’s tax treaties have just undergone instant plastic surgery. Unfortunately, they aren’t as pretty as they used to be. One of the surgeons in attendance was the Israeli finance minister, Moshe Kahlon. It all happened on June 7 in Paris, when the OECD held a grand signing ceremony fora new ... Read More
July 19, 2017Leon Harris

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
April 6, 2017Leon Harris

22

Mar2017
March 22, 2017Leon Harris