YOUR TAXES: Most olim know they are exempt from Israeli tax for 10 years on foreign income. The problem is they may still have to pay foreign tax on such income.
The bank's net profit totaled NIS 1.654 billion, and its return on equity (ROE) for the quarter stood at 15.6%.
Mercantile has made it its goal to promote small and medium-sized businesses, which constitute a significant and central growth engine in the Israeli economy.
The agency also said Israel's affirmation of the A1 rating balances the economy's growth prospect and resilience against the government's relatively high public debt burden.
Young people from gen Y and Z are reluctant to borrow money without a specific cause, the company says.
The survey data backs up a well-known financial rule: it’s best to avoid mixing friends, family and money.
Fitch Rating Inc, one of the three nationally recognized statistical rating organizations, affirmed Israel's A+ credit rating, defining its financial outlook as "stable" due to COVID success
"He doesn’t only take credit for my work. It has been that way for years," said former finance minister and senior Likud figure Israel Katz.
By July 31, 2021, transactions at all businesses, other than exceptional cases, will only be possible via the EMV standard.
Under the new agreement, a fixed fee was set at a significantly lower rate than the previous commission, in transactions in the amount of up to NIS 35,000.