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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.

Tax in Israel - Are you working in Israel? What do you need to know about personal Income Tax in Israel?

As part of new Income Tax Ordinance Regulations published on November 1, 2017, it was determined that an "involuntary sale" of employee options granted pursuant to Article 102 of the Income Tax Ordinance ...

Such recognition affords the non-profit organization a tax benefit, by way of a tax credit to donors for their donations granted to that organization.

The Israeli Tax Authority announced on November 28, 2016 hat after long negotiation with the Swiss Federal Department of Finance, both countries signed a joint declaration on automatic exchange...

Tax partner, Henriette Fuchs, leading our Tel Aviv tax department, provides her professional input to author William Hoke of the renowned professional publication "Tax Analysts"...

The 2025 Arrangements Law is poised to be a significant turning point in Israeli tax law, with a particular focus on corporate taxation.

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

For many years, Israel had a tax regime that was extremely advantageous for foreign trusts, defined for the purposes of this article as trusts settled by a foreign person with a foreign trustee unrelated to the beneficiaries.

The temporary provision relates to two main issues: anonymous voluntary disclosure application and abridged application regarding disclosures of capital up to Nis 2 million and tax liability up to Nis 0.5 million.

The new procedure will be in effect until the end of 2019.

The explosion of e-commerce in the last 15 years has made it easier than ever to manage the logistics of doing business in multiple countries.

A few weeks ago, the ITA published a new circular which provides guidelines for the taxation of foreign corporate entities operating in Israel via the internet.

A recent report published by the Israeli State Comptroller reveals suspected violations of Israeli privacy laws committed by the Ministry of Transportation and other official agencies.

For many years, Israel has not taxed Israeli residents on any distributions they received from trusts created by a U.S. person with a U.S. trustee unrelated to the beneficiaries; beneficiaries were not even required to report such distributions.

The Israel Tax Authority (ITA) published a draft circular today about a sale of rights in a corporation when a portion of the consideration is paid to the seller at a future date.

The Israel Tax Authority published a tax ruling given by it recently that sheds light on the existing ambiguity when classifying proceeds from a sale of shares of a company...