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If you are part of a multinational group that wants to use a bona fide international accounting system, you must apply to the ITA for a special dispensation.
"We have yet to find a single country in the world with a similar law."
Bill emphasizes overall economic gains over liquidation and punishing debtors.
The basics you need to know about filing taxes in Israel.
By LEON HARRIS
Israeli business law follows Western principles thanks to British rule from 1917-1948, the hi-tech revolution of the last 20 years and OECD membership since 2010.
Rotem will receive compensation for 36 months’ pay and the benefits he is owed as a terminated employee.
By BEN HARTMAN
Voluntary disclosure program tackles the problem of unreported capital.
By REUVEN SHIFF
Farmers file 91 claims to the Tax Authority for direct damages to agriculture around the country.
By SHARON UDASIN
The old deadline for reporting Relatives Trust was June 30, 2014; now it's December 31, 2014 at latest.
CBS report finds housing prices up 95% since 2007; prices rose 8.2% over past year, since Lapid became finance minister.
By NIV ELIS
Some multinational companies pay little or no tax anywhere by exploiting differences of approach in different countries regarding finance, taxation.
According to the OECD report, dealing with high poverty rates and low employment rates “needs to remain a policy priority.”
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