Israeli taxes

Your Taxes: How Israelis can claim fast-track missile damage compensation

The Israel Tax Authority has opened an online fast-track option for claims of property damage resulting from Iranian missile strikes, with compensation of up to NIS 30,000 available.

Aftermath of an Iranian ballistic missile attack following impact of missile fragments in central Israel, March 8, 2026
Israeli Tech

Your Taxes: What makes Israeli hi-tech tick

Finance Minister and Head of the Religious Zionist Party Bezalel Smotrich leads a faction meeting at the Knesset, the Israeli parliament in Jerusalem, February 16, 2026.

Business owners protest at Knesset as Smotrich raises Israel's import tax exemption

A charity donation box is seen in this illustrative photo taken March 22, 2023

Your Taxes: Israel moves charities online for tax breaks


Your Taxes: Reportable income-tax positions target shelters in US

A reportable income-tax position is a position contrary to a position published by the ITA if the tax advantage exceeds NIS 5 million in the tax year or NIS 10m. over four years.

 Income Tax and Property Tax Department at the Finance Ministry

El Al to distribute first dividend since 2017 after state approval

El Al has recorded exceptional profitability in recent years, in 2024 the company recorded a record profit of over $500 million

 UP, UP, and away with El Al profits.

Your Taxes: New Israeli taxation rule calls for immediate action

Unfortunately, the trapped profit rules hardly encourage olim who own companies abroad to migrate to Israel.

 Thousands of additional shekels can be saved every year with tax exemption

Smotrich threatens to double tax on Israeli banks if consumer benefits canceled

According to the Finance Ministry, the tax will bring in NIS 1.13 billion in 2026, rising to NIS 1.5 billion each year from 2027 to 2029.

Finance Minister Bezalel Smotrich arrives to a conference of the Israeli newspaper Makor Rishon in Jerusalem, December 25, 2025

Your Taxes: OECD tries to fix home-office tax traps

Working abroad sounds simple, but new OECD guidance still leaves major tax risks for Israelis and foreign firms.

 Work from home (illustrative)

Your Taxes: The National Insurance obligations for Israelis overseas - opinion

Relocating abroad? Israel’s National Insurance rules can follow you, with monthly payments and tax rules depending on your job and residency.

 View of the National Insurance Institute offices in Jerusalem. January 23, 2017.

Your Taxes: R&D centers are big business for Israel

Israel’s new R&D center tax circular could transform the merger and acquisition strategies of acquiring groups with global revenues of over NIS 10b.

 View of the Tax Authorities offices in Rehovot on September 15, 2024.

Israel considering tax exemption for new immigrants during first two years of residency

The ministry said the reform is part of the state budget presented this week and aims to encourage Aliyah and strengthen integration into Israeli society and the economy.

Finance Minister Bezalel Smotrich at an event held in partnership with Nefesh B’Nefesh. November 6, 2025.

Critical failures in reforms, food security, real estate data systems, state comptroller warns

Israel’s State Comptroller Matanyahu Englman warned Tuesday that government reforms and data systems in key ministries are failing, leaving the economy vulnerable.

Israeli State Comptroller Matanyahu Englman attends a State Control Committee meeting at the Knesset, the Israeli Parliament in Jerusalem, on May 12, 2025.

Your Taxes: It's time for the maritime areas bill to become law

The bill will help Israel secure crown jewels in the Mediterranean offshore gas fields.

: London-based Energean's drill ship begins drilling at the Karish natural gas field offshore Israel in the east Mediterranean May 9, 2022.