The announcement includes an explicit warning that the relevant taxpayers who will not amend their previous years' tax returns are exposed not only to higher income tax adjustments, but also in certain cases, to penalties.

early July, the Israeli Tax Authority (ITA) issued an update to Form 1385 - "Declaration of International Transaction."

Earlier this month the Central District Court handed down its decision on an appeal involving the taxation of an international sale of intellectual property by Gteko Ltd., an Israeli subsidiary of Microsoft Corporation.

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...

The Tel Aviv District Court recently delivered a decision in a tax appeal of Broadcom, finding that the burden of proof is on the taxpayer regarding whether a transaction has to be treated as an intellectual property...

When a transaction is made between unrelated parties, the difference in interests results in the price and the conditions of the transaction reflecting the market conditions.

The current wording of section 1 of the ITO provides that a body of persons would be deemed an Israeli resident if it was either incorporated in Israel or if its business is managed and controlled in Israel.

In the third week of October, the District Court in Jerusalem released its decision in connection with the – very tax relevant – difference between a "loan" and a "capital note"...

Israeli tax law is changing regularly. There were various amendments to the Israeli Tax Code, including the reduction of tax rates. The following summarizes Israeli tax rates and other tax information for 2016.

The Circular states that it follows the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations from 2017.

Many entrepreneurs need to make a decision where to incorporate their company.

The Israeli Ministry of Finance has published proposed significant amendments to the transfer pricing chapters of Israel's legislation for public consultation.