Shekel & Co. > Tel Aviv, Israel > Firm Profile

Shekel & Co.
3 AZRIELI CENTER
TRIANGULAR TOWER, 33RD FLOOR
TEL AVIV 67023
Israel

Israel > Tax Tier 1

The leading tax boutique in the market, Shekel & Co.‘s team is made up of lawyers who ‘think of innovative solutions and actually deliver them’. A go-to team for both contentious and non-contentious issues, the firm’s exclusive focus on tax translates into a deep and broad practice that is commended for its unique expertise in various areas, including energy, international matters and real estate. Yaniv Shekel is a high-profile tax specialist who frequently advises on high-stakes tax issues in the transactional and contentious spheres. Other key contacts include Ofer Elboim, who specialises in VAT and real estate; Ayelet Hillel-Birenzwig, who has a focus on tax litigation; and international tax specialist, Binyamin Tovi.

Practice head(s):

Yaniv Shekel; Ofer Elboim

Other key lawyers:

Testimonials

‘A unique group of tax experts, providing legal services in various tax issues at the highest professional standards, while being very service minded.’

The team’s professional strength is demonstrated by its attention to details, thoroughness and creativity. Important to note that it has a unique and strong knowledge of the local oil and gas taxation regime.

‘Yaniv Shekel, who also manages the firm, is extremely sharp and knowledgeable in various tax fields, provides creative thinking and solutions in complex tax cases. He is also a valuable member in different tax forums.’

Dean Klaro is a talented professional; thorough, responsive, unique with strong knowledge of the local oil and gas tax regime as well as demonstrable knowledge related to corporate tax. Experienced in litigation and tax rulings. All that, hand-in-hand with a positive and pleasant approach.

Binyamin Tovi is a leading professional and our go-to advisor for international taxation. Knowledgeable, through, responsive and pleasant.

‘The thing that makes this team different is its lawyers’ dedication to specific tasks and their motivation to do well on delivering the jobs. However, what makes them unique, is their years of experience in this field of work.’

‘The team is very creative and responsive. They are trustworthy and have great connections with the tax authorities. They think of innovative solutions and actually deliver them, by approaching the tax authorities. They have people dedicated to the different taxes we encounter.’

‘Yaniv Shekel is great. He is very creative, checks our returns and tax positions, and thinks of new ideas on how to save tax. We’ve used him for litigation and for compromises, and he succeeded in both. He is very highly regarded in the tax field, and the mentioning of his name is often enough to convince our CPA.’

Key clients

Chevron

New-Med Energy

Bank Hapoalim

G-City

Colmobil Group

Amot Investments

Maccabi Healthcare Services

Isracard

Melisron

Alony Hetz

Work highlights

  • Represented Ayalon Holdings and Ayalon Insurance Company in a merger tax pre-ruling, involving corporate tax and VAT applications.
  • Advised Edeltech Group on a restructuring following the purchase of Hagit power plant from the Israeli Electric Company.
  • Advised Hachsharat Hayeshuv and Menora on the tax aspects of an innovative investment in urban renewal projects.

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).

Department Name Email Telephone
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
Photo Name Position Profile
Ofer Elboim photo Adv Ofer Elboim Senior Partner
Ayelet Hillel-Birenzwig photo Adv Ayelet Hillel-Birenzwig Senior Partner
Dean Klaro photo Adv Dean Klaro Senior Partner
Yaniv Shekel photo Adv Yaniv Shekel Senior Partner
Binyamin Tovi photo Adv Binyamin Tovi Senior Partner
Number of Partners : 9
Number of lawyers : 15
English
Hebrew
Russian
Turkish
International 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.

  • Tax