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.
Below we briefly review proposed miscellaneous measures. Other proposals for companies and individuals were outlined in earlier articles.
The aim of the accelerated depreciation regulations is to encourage investment in the Israeli economy.
By not reporting the first investment on the first capital declaration, the taxpayer forfeited the right to later claim a loss on that investment.
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.
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.
This was a capital gains tax case that hinged on the residency of the taxpayer.
Thousands of business owners received a message simply stating that "bank account details for refunds were missing and the details should be updated."
A transfer of an asset, whether as a gift or inheritance, to an Israeli resident recipient is not subject to Israeli taxation.
Who pays for hi-tech stock options?