Category: Israeli Exempt Companies

13

Jun2018
The Israeli Supreme Court has just issued a judgment of interest to the Israeli hitech and industrial sectors and their employees (Kontera Technologies Ltd v Tel-Aviv 3 Assessing Office 943/16, Finisar Israel Ltd v Rehovot Assessing Officer 1728/16). Transfer Pricing in Israel: The Supreme Court handed down a combined judgment relating to ... Read More
June 13, 2018Leon Harris

23

May2018
New restrictions will limit the use of cash and blank checks (cheques) commencing the beginning of 2019 pursuant to a law just passed by the Knesset (Law Limiting the Use of Cash, 2018, Book of Laws 2710). The new law distinguishes between businesses, consumers (referred to as non-businesses) and tourists. A business ... Read More
May 23, 2018Leon Harris

08

May2018
On 21 March 2018, the European Commission proposed new rules to ensure that digital business activities are taxed in a “fair and growth-friendly” way across the EU. This followed an OECD report of March 16 revealing a lack of international consensus about taxing digital operators (Tax Challenges Arising from Digitalization –Interim Report). The same day ... Read More
May 8, 2018Leon Harris

25

Apr2018
As Israel celebrates 70 years of independence, it is good to note what makes the start-up nation innovative and successful. A recent OECD report attributes this success in large part to venture capital (VC) funds (A Portrait of Innovative Start-Ups Across Countries).  On March 14, the Israeli Tax Authority issued updated guidance ... Read More
April 25, 2018Leon Harris

11

Apr2018
בפסח אנו חוגגים את היציאה של בני ישראל ואת זמן חרותנו. בזמנים המודרניים, פירוש הדבר שה-STARTUP NATION בארץ המובטחת חופשיה להרוויח כסף מיציאות אקזיט - מכירת חברות טק ועסקים אחרים לקבוצות רב-לאומיות שצריכות להמשיך להתקדם בכל מחיר. לדוגמה, אינטל שילמה 15 מיליארד דולר עבור Mobileye בשנת 2017 ו- KLA-Tencor משלמת ... Read More
April 11, 2018Leon Harris

11

Apr2018
At Passover we celebrated our exodus from Egypt and the season of our freedom. In modern times, that means the start-up nation in the promised land is free to make money from exits – selling tech and other businesses to multinational groups that need to stay ahead at all costs. ... Read More
April 11, 2018Leon Harris

28

Mar2018
 Israelis love investing their spare Shekels in bricks and mortar. But when does a landlord stop being a passive investor and becomes an active business in the real estate field? Does it depend in the number of rental properties? This matters, because on residential rental income, individuals may be as low ... Read More
March 28, 2018Leon Harris

19

Mar2018
The OECD has been caught dawdling on the information superhighway, the Internet. This is surprising as the OECD  dazzled us in 2015 with souped up worldwide tax initiatives for nearly everyone. Corporations got hit by BEPS - base erosion and profit shifting. Individuals got hit by CRS – Common Reporting Standard. ... Read More
March 19, 2018Leon Harris

14

Mar2018
The Israeli Tax Authority has just published a controversial tax ruling that imposes partial tax on a foreign investment fund. Background: Section 108 of the Israeli Income Tax Ordinance (ITO) empoweres the ITA to collect tax from an Israeli resident who represents a foreign resident. And the Israeli Tax Authority (ITA) claims ... Read More
March 14, 2018Leon Harris

12

Mar2018
The Israeli Tax Authority has just published a controversial tax ruling that imposes partial tax on a foreign investment fund with an Israeli presence. Background: Section 108 of the Israeli Income Tax Ordinance (ITO) empowers the ITA to collect tax from an Israeli resident who represents a foreign resident. And the Israeli ... Read More
March 12, 2018Leon Harris