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.
Your Taxes: How Israelis can claim fast-track missile damage compensation
Your Taxes: Israel moves charities online for tax breaks
Ashdod shop owner suspected of laundering money using ATM
Israeli real estate: When is a trust a bad idea?
When doing succession planning for Israeli real estate, the choices may include using a trust, a nomineeship, an entity or direct bequests to the heirs. Each has pros and cons.
![House and calculator [Illustrative].](https://images.jpost.com/image/upload/f_auto,fl_lossy/q_auto/c_fill,g_faces:center,h_194,w_290/252626 "House and calculator [Illustrative].")
Beware split real estate deals in Israel - the Tax Authority may notice
We can only guess what the taxpayer planned, but the ITA taxed the overall deal their way and the District Court ruled in the ITA’s favor.
Court: Transfer of Israeli real estate into trust can be taxed - comment
The Supreme Court’s ruling affects anyone who transferred or is considering transferring real property in Israel into a trust, or in the event he is a beneficiary in such a trust.
Israelis unable to work amid security lockdowns to receive financial compensation
The Finance Minister has doubled down on his prior promise to compensate any worker who has lost income due to rocket fire.
Israel bans use of cash for purchases larger than NIS 6,000
Cash deals exceeding 6,000 NIS will be illegal, as part of the effort to fight against money laundering and criminal activity.
Former Mossad head to receive tax refund of NIS 100,000
The tax authority initially refused to grant the application, so a class action lawsuit was filed in March 2018. Shavit's accountant drew his attention to his right to a refund.
Israel has a new stealth tax on digital products - what you need to know
This affects international exporters and Israeli importers of digital products.
Corona grant repayments to the Israeli Tax Authority - opinion
The grants were a desperately needed lifeline for many Israeli businesses
Israeli real estate tax proposals - opinion
The aim is to encourage sales and supply and hence bring down home prices. The public has until 23:59 p.m. February 3 to comment on the proposals.
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.
