A seller made NIS 8 million (U$ 2 million) on an investment in Bitcoin in 2013, and he was charged with capital gains tax by the Israeli tax assessor.

In this latest scam, an email claiming to come for the IRS requests personal and financial information for tax exemption purposes.

The ITA's position is not obvious and presents legal difficulties.

The original draft bill was softened and even sweetened for a particular period by the Finance Committee.

Israel has long been acknowledged and admired for its vibrant start-up culture, fostered through government investment and pro-business policies.

Tax exemption for provident funds invested in high technology fund.

Israel is a place where ideas are taken seriously and seeds of innovation are given the right conditions to grow.

Welcome to the third installment in our series of articles providing an overview of the various aspects relating to the venture lending industry in Israel, including some of the legal, commercial and regulatory factors that should be taken into consideration by anyone looking to enter into this realm.

A judgment in the Kontera case was handed down two weeks ago in the District Court which dramatically changes the Cost Plus issues relevant to certain Israeli companies...

What do the United States, the UK, France, Germany, Italy, Spain, Switzerland and the Netherlands all have in common? In these countries (and many others), estate tax is collected on large inheritances.

The stake of foreign investment in Israeli high-tech reached 77% of total capital raised in 2018, and 30 new venture funds were born in 2018

In this brochure, we will review some of the recent changes in the Israeli tax field that may impact on the taxation of both Israeli and non-Israeli individuals and corporations.

The Provision of an Electronic Service is defined as providing a service, including the sale of intangible goods, via the internet, including, inter alia, software, books, music, gambling, games...

On February 12, 2017, the Israeli government approved a new bill, proposing amendments to Chapter E2 of the Income Tax Ordinance (New Version), 1961, which deal with tax reliefs for restructuring and merger transactions.

Individuals who renew their US passport need to take into consideration that their Social Security Number (SSN) and country of residency will be forwarded to the IRS.

In the world of high tech and Israeli tax there has been some uncertainty as to whether entrepreneurs, whose shares are subject to a reverse vesting mechanism or a holdback upon their sale, should be paying income or capital gains tax.

In August 2016, the ITA published an addendum to the Circular.

The black economy in Israel leads to a loss of tax revenues estimated at billions of shekels annually.

Even with respect to trusts, preparations should be examined at the end of the benefits period.

On December 22, 2016, the Israeli Parliament enacted new legislation as part of approving selected chapters of the economy policy program and the government budget for the years 2017 and 2018...