Shekel & Co. > Tel Aviv, Israel > Firm Profile
Shekel & Co. Offices
3 AZRIELI CENTER
TRIANGULAR TOWER, 33RD FLOOR
TEL AVIV 67023
Shekel & Co. > The Legal 500 Rankings
Israel > Tax Tier 1Tax boutique Shekel & Co. represents some of the largest corporates in Israel, with an emphasis on the tax structuring of M&A transactions, tax audits and tax litigation. The firm’s specialist focus also marks it out as a popular choice to support local and international full-service firms on complex tax issues. Yaniv Shekel is highly sought after for such matters, with an enviable track record in large-scale transactions. Ofer Elboim has an increasingly prominent reputation in the VAT and real estate tax fields. Other key names include Ayelet Hillel-Birenzwig, who routinely represents clients before the Israel Tax Authority (ITA), and Binyamin Tovi, who specialises in international taxation.
Yaniv Shekel; Ofer Elboim
‘The Shekel & Co. team are experts in all the various tax issues. They have vast experience and knowledge in income tax, corporate tax, VAT, real estate taxation, tax litigation, gas and oil taxation, import taxes and international taxation. When we need good tax advice or successful tax planning, I will always turn to Shekel.’
‘A professional team that provides smart and creative solutions for all types of tax issues. It focuses on planning, accompanying transactions and resolving crises in a smart, efficient, modest and creative way.’
‘The vast majority of the lawyers at Shekel are also accountants or at least accountants by education. They are smart, pleasant and know how to solve problems.’
‘Professional, available, creative and supportive. They have the efficiency of a mid-size boutique office.’
‘Yaniv Shekel is a true professional. He has vast knowledge, is an excellent lawyer and knows how to solve tax problems in any sector.’
‘A very professional and practical team – especially Yaniv Shekel, Ofer Elboim and Binyamin Tovi. Whenever I have a complicated tax issue I like to consult with them.’
‘Ofer Elboim is a very talented professional, especially in indirect tax matters. Ayelet Hillel-Birenzwig is professional and pleasant; she represents us in front of the tax authority very well.’
‘Ayelet Hillel-Birenzwig recently represented us in front of the tax authority in a professional and pleasant manner, and we received the ruling we had hoped for. We are definitely going to work with her again.’
Maccabi Healthcare Services
- Advising Apax Partners on tax matters relating to the sale of Psagot Investment House.
- Representing Chevron, Delek Drilling and other partners in the Israeli gas fields in preliminary rulings relating to the taxation of their activities in Israel and abroad.
- Representing Verint Systems in the preliminary ruling dealing with its $2bn spin-off of Cognyte Software.
Shekel & Co. > Firm Profile
The firm: Shekel & Co. was founded in 1992 by Dr Moshe Shekel, Adv., and soon became a leading firm in the various areas of taxation, serving a wide range of industries from mid-size businesses to the most prominent companies in the Israeli marketplace, as well as non-profit organizations, municipal authorities, governmental institutions, international companies and foreign individuals, operating or investing in Israel.
Shekel and Co. has extensive expertise in all taxation areas. The firm advises, offers assistance and professional opinions, and handles income tax matters, international taxation, real estate taxes, municipal taxes, VAT, customs and litigation related to taxation issues. The firm enjoys vast litigation experience in the district courts as well as in the Israel Supreme Court. It also deals in commercial law, litigation, real estate and corporations.
The firm has more than 3,000 clients in a wide range of areas. It represents government companies, large corporations (both public and private), universities, various municipalities, and foreign companies and individuals operating or investing in Israel.
Taxation – main field of specialization
General: Shekel & Co. has extensive experience and expertise in issues related to all tax fields. The tax department of the firm offers services related to a wide range of taxation laws, including income tax, corporate taxation, capital gains taxes, international taxation, VAT, municipal taxes, real estate taxes and more. This department provides personalized advice for entrepreneurs, and unique solutions in matters related to real estate taxes, mergers and acquisitions, capital market taxation and international taxation.
Shekel & Co. is considered a “boutique” firm, in the taxation area, and its clientele in this area includes the largest Israeli holding companies, public companies traded in Israel and in overseas markets, privately held corporations, high net worth individuals, government authorities, non-profit organizations and municipal authorities, as well as international companies and foreign individuals, operating and/or investing in Israel. As a result of its vast client base, and due to the specialization of the firm in the institutional and business sectors, the firm enjoys the direct and personal contact with the Israeli tax authorities.
Services: The firm not only provides detailed, comprehensive written opinions regarding the Israeli tax laws and proposed activity schemes, but also attains various rulings from the Israeli tax authorities, allowing the commencement of activity in Israel and the optimization of such activity’s tax structure. In this manner the firm has managed to save its foreign clients millions of Euros, following the approval of income tax withholdings exemptions and reductions or VAT payments returns, all made in a strictly confidential manner, without the publication and menace involved in the court proceedings. Furthermore, the firm has tailored specific solutions to employees in multinational companies allowing the tax efficient issue of share options, and other benefit plans.
Shekel & Co. is well acquainted with the taxation of non-profit organizations in Israel, and as the fiscal counsellor of some of the biggest organizations and institutions in Israel, has achieved significant reductions of the taxes levied upon such organizations.
The firm also represents its clients, both domestic and international, in all sorts of tax litigation, including pre-litigation procedures within the tax authorities’ internal departments. The firm litigation experience and Supreme Court precedents in the last decade are unparalleled. The known professionalism of the firm in the litigation procedures on the one side, and its close connections with the state counsels and high ranking ITA officials, on the other side, assist in resolving the case in peaceful terms even after litigation is initiated.
Publications: The firm publishes regularly in various taxation related publications and journals, and in specializing internet sites, including the firm’s web site: www.shekel-tax.co.il. The firm was also a contributor to the chapter on Israeli tax laws in the CCH, International Tax Planning Manual, published by Horwath International, and the writher of the Israel VAT chapter in Bloomberg BNA (www.bna.com).
|Income and corporate taxation, Tax litigation, International taxation, Tax rulings||Yaniv Shekel|
|Income and corporate taxation, Real estate taxation, Value-added-tax, Tax litigation||Ofer Elboim|
|Tax rulings, Trusts and estates, Voluntary disclosure||Ayelet Hillel-Birenzwig|
|International taxation, Taxation of hi-tech companies and employees, Trusts and estates, Tax incentives||Binyamin Tovi|
|Income and corporate taxation, Oil and Gas taxation, Tax litigation||Dean Klaro|
|Value-added-tax, Import/export taxation||Moti Eilon|
|Commercial, Not-for-profit organisations, Corporate, Real estate and construction||Yaniv Hershcovitz|
|Taxation of hi-tech companies and employees, Mergers and acquisitions, Tax rulings||Dotan Einav|
|Income and corporate taxation, Tax litigation||Linor Bony|
Staff FiguresNumber of Partners : 9 Number of lawyers : 20
LanguagesEnglish Hebrew Russian Turkish
MembershipsInternational Fiscal Association (IFA)
Shekel & Co. is committed to providing equal employment opportunities and supplying our team with the optimal work environment for success. As a leading firm, specializing in all fields of taxation and supplying a variety of services, we strongly believe in diversity as a key contributor to a wealth of ideas and innovation. Our talented and diverse work-team dominates areas of expertise that complement each other, making the whole larger than its parts, and enabling us to preserve one of our main competitive advantages.