Arab Israeli Conflict
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The basics you need to know about filing taxes in Israel.
Israeli business law follows Western principles thanks to British rule from 1917-1948, the hi-tech revolution of the last 20 years and OECD membership since 2010.
The government currently is functioning on a month-to-month basis based on the 2014 budget and the deficit for the year is actually expected to hit close to the original 2.5% target
The Finance Ministry launched its “Family Net Plan” on April 18.
By LEON HARRIS
As always, consult experienced tax advisers in each country at an early stage in specific cases.
It is unfortunate the ITA has stopped publicizing the taxpayers’ rights charter.
The new treaty covers residents of either or both countries.
If you report a position, you can expect a tax audit sooner or later. If you fail to report a reportable position, you may be deemed to have failed to file a tax return.
Most workers to pay less tax, get additional day off or two.
By MICHAEL ZEFF
Affected Israeli taxpayers and their advisers need to be both speedy and creative.
Below we briefly mention a few of the draft tax measures currently proposed.
Our suggestion to other multinational groups with Israeli clients is to do business with them via a company resident in a country that has a tax treaty with Israel.
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