Finances Minister Katz will immediately reduce purchase tax for investors to 5%
From The Kalkalist, 2020.07.12, Dror Marmor In 2015, Kahlon raised the tax to 8 % and reduced the rate of investors in the housing market by tens of percent. Fear: The tax cut may boost [...]
Tax exemption measures for new immigrants and returning residents
By David Halbwax L.L.M, International Legal Counsel July 2020 To celebrate its 60th anniversary, the State of Israel has granted significant tax benefits still applicable to new immigrants and returning residents, including exemption for a [...]
The automatic exchange of banking and fiscal information between Israel and other countries: CRS regulations content & effects in Israel – Septembre 2020
By David Halbwax L.L.M, International Legal Counsel The automatic exchange of information is part of a global context which for several years has aimed at strengthening international cooperation in the fight against tax evasion. By [...]
Israel announces tax cut for real estate investors and foreign resident buyers of homes – real estate purchase tax –
David Halbwax L.L.M, International Legal counsel Bracha & Co -October 2020- Since July, 20, 2020 and for a period until January 15, 2021, Knesset approves investment home purchase tax cut proposed by Minister of Finance [...]
TAXATION IN ISRAEL: OVERVIEW
Bracha & Co Law office presents below the major fiscal indicators to address when doing business in Israel. – November 2020 By Benny Yona, CPA & David Halbwax L.L.M, International Legal Counsel The method of [...]
Taxation of Hi-Tech Companies
The new amendment to the “Law for the Encouragement of Capital Investments” approved by the Knesset under the “Arrangements Law” states that large companies (namely those whose business turnover exceeds NIS 10 billion) will be required to pay Corporation Tax at a rate of 6% and a tax on dividends at 4%. On the other hand, small high-tech companies will be required to pay Corporation Tax at the rate of 12% with the tax rate on dividends also at 4%.
On Permanent Establishments and Taxes
Several international tax treaties of which Israel is a member incorporate the term ‘permanent establishment’. The term bears practical significance in matters concerning immigrant and returning resident tax. But what is a ‘permanent establishment’? By which criteria will a given establishment be defined as such? What should immigrants be aware of? What are they to take into account when relocating their business to Israel?