Israel tax authority

Knesset advances bill granting five-year tax exemption to olim, returning residents

Olim, along with returning residents who have lived abroad for at least ten years, will be eligible for the tax exemption.

Minister of Finance and Head of the Religious Zionist Party Bezalel Smotrich leads a faction meeting at the Knesset, the Israeli parliament in Jerusalem, February 23, 2026.
Aftermath of an Iranian ballistic missile attack following impact of missile fragments in central Israel, March 8, 2026

Your Taxes: How Israelis can claim fast-track missile damage compensation

A charity donation box is seen in this illustrative photo taken March 22, 2023

Your Taxes: Israel moves charities online for tax breaks

 New Israeli Shekel banknotes are seen in this picture illustration taken November 9, 2021

Ashdod shop owner suspected of laundering money using ATM


Your Taxes: Charity and Squatting

While we wait for the Israeli 2025 budget to pass, here is some other Israeli tax news.

Calculating taxes

Preparing for TAMA 38? Key clarification issued by the tax authority

The Tax Authority clarifies: homeowners in TAMA 38 projects can purchase construction services from developers for unsold building rights without it being considered a taxable real estate transaction

 Worker installing scaffolding on building.

'Jack Sparrow': Undercover operation leads to arrest of dozens in Ashdod port smuggling ring bust

Police specified that for 4.5 years, an undercover police agent, dubbed "Jack Sparrow," had been operating under the guise of a customs agent at the port.

Port of Ashdod

Navigating getting your money into Israel as a new immigrant

The red flags are best avoided. Cooperation with bank questions is more likely to free up your money than suing the bank.

 New Israeli Shekel banknotes are seen in this picture illustration taken November 9, 2021

Reduced tax rate for early training fund withdrawals until year-end

Tax Authority offers reduced tax rate of up to 15% for early withdrawals from training funds until year-end, aiming to assist households during challenging times.


How to disprove a wrongful tax evasion accusation

Your Taxes: Businesses should always have a commercial rationale for their acts.

Calculating taxes

Your taxes: Paying tax on bitcoin and other virtual currency profits

The Israeli Tax Authority has developed a new procedure for the good guys to pay tax on their virtual currency gains.

 Bitcoin

What to remember for inheritance and gift planning for Israeli-US citizens

Your taxes: For US citizens living in Israel, the complexity of estate planning is compounded by the need to navigate both US and Israeli tax laws.

 Illustrative image of doing taxes.

Israel's Tax Authority lost a major showdown. Here's what happened

YOUR TAXES: US, Canadian and UK donors, and their heirs, may want to check out the potential estate tax planning possibilities arising from this case.

 US and Israeli currency (1 dollar bills and 1 shekel coins respectively) are seen in this illustrative photo of money.

Saving for retirement? Israel introduces new benefits for pensions

Updates to deposit limits for pensions and professional development funds, along with the retirement process in Israel going digital.

 Thousands of additional shekels can be saved every year with tax exemption