tax

The Israel-Hamas war is adding to the government’s budgetary needs. So, taxes won’t be cut any time soon.

Crown Prince Mohammed bin Salman, has made serious efforts in recent years to turn the country into a viable alternative to the United Arab Emirates as a regional hub of finance, industry, and trade.

The moral seems to be: don’t overdo your tax planning. But this was not the finest hour for anyone involved.

The government has issued proposals to collect 23% from Israeli parent companies with 30+% affiliated companies that derive certain types of “mobile income” taxed abroad below 15%.

If you buy or sell a home in Israel, your tax will be higher if you are married or living together as a common-law couple, than if you are single.

YOUR TAXES: With the new year approaching, the government wants to take a different bite out of your apples (and income) abroad.

The competent authorities are not obliged to agree to anything, nor do Israel’s treaties stipulate mandatory arbitration.

The Angels Law offers various tax breaks mainly for investments in an “R&D Company”.

A suspect from Herzliya Pituach was arrested on suspicion of involvement in the smuggling attempt.

The bill is meant to reduce tax evasion and increase Israel’s tax revenue, but opponents say it will result in increased costs for renters.