Israeli taxes
Your Taxes: Reportable income-tax positions target shelters in US
A reportable income-tax position is a position contrary to a position published by the ITA if the tax advantage exceeds NIS 5 million in the tax year or NIS 10m. over four years.
El Al to distribute first dividend since 2017 after state approval
Your Taxes: New Israeli taxation rule calls for immediate action
Smotrich threatens to double tax on Israeli banks if consumer benefits canceled
Israeli financial solution for freelancers, debuts tax toolkit
New tools to enable millions of freelancers to avoid overpaying 2022 taxes and accruing penalties.
Bill to increase tax deductions for new olim passes Finance Committee
The bill, which still needs to pass three votes in the Knesset plenum, will add to the sum of the deduction that olim are entitled to, as well as lengthen eligibility from 42 to 54 months.
Israeli Treasury considers easing regulations on parallel car imports
Israel's vehicle market was opened up to parallel imports in 2016 when a law on the subject was enacted.
Pandora Papers: Watchdog asks A-G to probe MK Nir Barkat on involvement
The Pandora Papers revealed that Barkat transferred shares in several companies to his brother Eli Barkat when he was elected to the Knesset and invested in a large company registered in a tax haven.
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."
How to dramatically improve Israeli tax administration - opinion
In most countries, tax law amendments accompany the annual government budget process. In Israel, the budgetary process is stalled for political reasons.
Tax Authority working to help Holocaust survivors exercise tax benefits
Some 70% of the affected survivors had not filed any reports or requests for tax returns.
How are bank loan payments being postponed due to coronavius?
A bank program is intended to help borrowers facing cash flow difficulties caused by the corona crisis, while helping the banks manage their risks.
Your taxes: Corona business update
Claim at the relevant governmental (usually the Israel Tax Authority) website and give your bank account details, otherwise you might miss out. Delays are occurring. Mistakes can now be appealed.
Your Taxes: GILTI regulations are a big win for small businesses
