Twitter Logo Youtube Circle Icon LinkedIn Icon

The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
Click here for more details

Israel > Legal Developments > Law firm and leading lawyer rankings

Editorial

New Temporary Tax Relief for "Trapped Earnings"

December 2012 - Tax & Private Client. Legal Developments by Herzog Fox & Neeman .

More articles by this firm.

On November 5, 2012 the Israeli Parliament (Knesset) adopted a proposal of the Israeli Ministry of Finance and passed legislation providing for a temporary tax relief with respect to the recapture tax applicable to certain Israeli companies holding undistributed earnings that were previously exempt from Israeli corporate income tax under tax incentive programs.

This note provides a brief description of the background for this new provision and summarizes its main aspects.

Read more...