israel tax authority

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Treasury revenue from cars climbs to NIS 44b in 2021

With record new vehicle sales in Israel in 2021, purchase tax earned by the government on new cars in the first 11 months of the year amounted to NIS 10.8 billion, up 20% from 2020.

By DUBI BEN-GEDALYAHU/ GLOBES
28/12/2021
Calculating taxes

The great international tax reform – Part 3 miscellaneous - opinion

Below we briefly review proposed miscellaneous measures. Other proposals for companies and individuals were outlined in earlier articles.

By LEON HARRIS
23/12/2021
Calculating taxes

What are Israel's new COVID-19 accelerated depreciation rules? - opinion

The aim of the accelerated depreciation regulations is to encourage investment in the Israeli economy.

By LEON HARRIS
30/09/2021
Calculating taxes

Making a bad investment on another's behalf: Whose loss is it? - opinion

By not reporting the first investment on the first capital declaration, the taxpayer forfeited the right to later claim a loss on that investment.

By LILACH ASHEROV , LEON HARRIS
29/07/2021
Calculating taxes

Who is an Israeli resident for tax purposes? - opinion

The question of who is a resident is multi-faceted. Don’t expect the ITA to agree with you without a high majority of the factors supporting your claim.

By LEON HARRIS
15/07/2021

Businesses near Gaza to be compensated for indirect costs caused by war

Businesses within 40 kilometers of the Gaza border can choose if they prefer to be compensated through a calculation based on lost turnover or lost wages.

24/05/2021
Calculating taxes

Tax Authority didn’t do its homework on residency - opinion

This was a capital gains tax case that hinged on the residency of the taxpayer.

By LEON HARRIS
13/05/2021
A bank employee counts Israeli Shekel notes for the camera at a bank branch in Tel Aviv

Tax Authority holds up refunds with sudden change in bank account policy

Thousands of business owners received a message simply stating that "bank account details for refunds were missing and the details should be updated."

Calculating taxes

What are Israel's 'tax traps' for gifts, inheritance?

A transfer of an asset, whether as a gift or inheritance, to an Israeli resident recipient is not subject to Israeli taxation.

By MOTI BALILTI , JOSEF STERNTHAL , LEON HARRIS
04/03/2021
Calculating taxes

Stock option recharge damage control - opinion

Who pays for hi-tech stock options?

By LEON HARRIS
11/02/2021
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