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Tax breaks, credit points and bookkeeping - here's what olim need to know - opinion

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.

By LEON HARRIS
06/08/2022
Bank Hapoalim

Bank Hapoalim reports strong first quarter of 2022

The bank's net profit totaled NIS 1.654 billion, and its return on equity (ROE) for the quarter stood at 15.6%.

Mercantile ranks first in small business index

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.

Moody's

Moody's upgrades Israel's outlook to positive, affirms A1 rating

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.

By REUTERS
09/04/2022
  Dr. Gal Aviv, CEO, Blender

Blender’s technology is revolutionizing the consumer loan system

Young people from gen Y and Z are reluctant to borrow money without a specific cause, the company says.

Dollar and shekel, side by side

Lending money personally goes wrong nearly half the time - poll

The survey data backs up a well-known financial rule: it’s best to avoid mixing friends, family and money.

By Allie Johnson/Bankrate.com/TNS
21/12/2021
MasterCard and VISA credit cards are seen in this picture illustration taken June 9, 2016

Fitch reaffirms Israel's A+ credit rating, cites high-tech and vaccines

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

Israeli Prime Minister Benjamin Netanyahu sits next to foreign minister Israel Katz during a cabinet

'Benjamin Netanyahu does not deserve credit for economic 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.

11/07/2021
Statistics on the implementation of smart payment terminals in Israel.

Israel's move toward smart payment terminals passes milestone

By July 31, 2021, transactions at all businesses, other than exceptional cases, will only be possible via the EMV standard.

09/03/2021
MasterCard and VISA credit cards are seen in this picture illustration taken June 9, 2016

Credit card companies to reduce clearing fees

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.

04/02/2021
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