Over the past year, alongside handling the economic repercussions of the war and issuing financial assistance to war victims and to evacuees, the courts, the legislative authority and the Israel Tax Authority continued their...more
10/10/2024
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BEPS ,
Corporate Taxes ,
Income Taxes ,
Israel ,
Ministry of Finance ,
Multinationals ,
OECD ,
Property Tax ,
Tax Authority ,
Tax Rates ,
Tax Reform ,
Trusts ,
Value-Added Tax (VAT)
On May 31, 2021, Israel and the United Arab Emirates signed a tax treaty. This is the first tax treaty between the states. It is expected to go into effect on January 1, 2022, after passing the necessary ratification...more
In a bold step, the Haifa District Court rejected the Israel Tax Authority’s position on a company’s repurchasing of shares, and in effect split with a ruling of the Tel Aviv District Court, who considered a similar issue...more
Hedge funds are generally entities that are managed by investment managers, in accordance with certain investment strategies, in order to invest in financial assets and generate returns for the hedge funds’ investors....more
In light of the coronavirus pandemic affecting the economic market, the Israel Tax Authority has published several reliefs for taxpayers as part of preparations for fighting the virus and to assist taxpayers dealing with the...more
The Haifa District Court recently held, in a precedential decision, that an employee who received shares in a company held by a trustee in accordance with section 102 of the Income Tax Ordinance has no shareholder rights....more
An amending protocol to the 1962 Israel-UK tax treaty is effective as of January 1, 2020.
The protocol includes a long list of significant and fundamental amendments and updates to the treaty, among them...more
Further to our April 2019 update on the signing of a double taxation treaty between Israel and Australia, the Minister of Finance signed in December 2019 the order bringing the treaty into effect on January 1, 2020....more
The Tel Aviv District Court handed down a decision a few days ago rejecting the Israel Tax Authority’s (ITA) position on the conveyance of real estate properties to trusts. This decision dramatically changes the taxation of...more
Several days ago, a precedential judgment was handed down (AA 55937-01-17, Shohat v. The State of Israel) on option plans for employees in respect of section 102 of the Income Tax Ordinance.
Although the judgment considers...more