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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Critical Information for New Immigrants and Returning Residents Regarding Tax Benefits

A New Governmental Proposal to Significantly Narrow the Tax Benefits for New Immigrants and Returning Residents in Israel

New Temporary Tax Relief for "Trapped Earnings"

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

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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.

Immigrating or Returning to Israel? - Tax Benefits to New and Returning Residents

January 2011 - Tax & Private Client. Legal Developments by Gornitzky & Co.

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As part of Israel's 60th anniversary, an extensive tax reform was recently enacted, making Israel an attractive tax jurisdiction for individuals becoming Israeli residents for tax purposes (whether arriving for the first time or returning to Israel after a certain period of time abroad). This brief memorandum introduces the primary tax benefits applicable to new and returning residents.

Tax Law: The Pi-Glilot Case – Allowing Tax Deduction in connection with Dividend Distribution

In October 2008, the Israeli Supreme Court issued a precedent setting decision in the case re Pi-Glilot Oil Terminals and Pipes Ltd. (the Pi-Glilot case). The Court decided that, under the certain circumstances of this case, financial expenses due to a loan for the purpose of dividend distribution will be eligible for deduction.