Taxes
Treasury to allocate NIS 40 million to institutions affected by war via two tracks
The Accountant General's initiative joins the Israel Tax Authority's program to compensate protection-racket victims and the decision to subsidize fuel prices by hundreds of millions of shekels.
Your Taxes: Technological versus marketing income
Finance Ministry aims to cut record high gas prices by 50 agorot, needs attorney-general's approval
Your Taxes: Returning to court with new information after tax rulings ruled to be bad faith
Study shows how Israel's economy funnels money to ultra-Orthodox families through benefit programs
The study, titled "On Taxes and Wonders," mapped, for the first time comprehensively, all that Israeli citizens give to the state and all that they receive from it.
Mamdani calls for 2% tax hike on wealthy New Yorkers
The New York City mayor claimed that increasing taxes by 2% on those earning more than a million dollars per year would resolve nearly half of the city's budget deficit.
Ashdod shop owner suspected of laundering money using ATM
According police, income from cash sales at the store, which was concealed from the tax authorities, was laundered through the suspect's bank accounts by depositing the cash into an ATM at the store
Your Taxes: What to consider before any merger and acquisition deal
Mergers and acquisition deals tend to be 10% economic, 10% tax, 10% legal, and 70% psychological. The “smell of the money” affects people’s behavior in many deals.
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.
Your Taxes: Will Israel's proposed property tax crash again?
As Israel introduces new tax breaks for reservists, the government also considers reviving a 1.5% wealth tax on land, targeting property owners in 2026.
Your Taxes: New Israeli taxation rule calls for immediate action
Unfortunately, the trapped profit rules hardly encourage olim who own companies abroad to migrate to Israel.
Bahrain unveils massive reform package to tackle $50 billion debt crisis
The reform package includes higher electricity and water tariffs, with an exception for citizens’ first homes, which will continue to receive subsidized rates up to a specified limit.
Smotrich threatens to double tax on Israeli banks if consumer benefits canceled
According to the Finance Ministry, the tax will bring in NIS 1.13 billion in 2026, rising to NIS 1.5 billion each year from 2027 to 2029.
Your Taxes: Leaving Israel? Leave your pension here
Section 87 seeks to preserve such monies until retirement age (men, age 67, and women, age 64, generally). The penalty for early payout is a 35% tax charge.
