Israel tax authority
Knesset advances bill granting five-year tax exemption to olim, returning residents
Olim, along with returning residents who have lived abroad for at least ten years, will be eligible for the tax exemption.
Your Taxes: How Israelis can claim fast-track missile damage compensation
Your Taxes: Israel moves charities online for tax breaks
Ashdod shop owner suspected of laundering money using ATM
Lahav 433, Tax Authority arrest seven for suspected extortion, money laundering, tax fraud
Seven members of the Bakri crime organization were arrested following an investigation carried out by multiple law enforcement agencies, including Lahav 433 and the Tax Authority.
Your Taxes: New Israeli taxation rule calls for immediate action
Unfortunately, the trapped profit rules hardly encourage olim who own companies abroad to migrate to Israel.
Your Taxes: Leaving Israel? Leave your pension here
Section 87 seeks to preserve such monies until retirement age (men, age 67, and women, age 64, generally). The penalty for early payout is a 35% tax charge.
Your Taxes: OECD tries to fix home-office tax traps
Working abroad sounds simple, but new OECD guidance still leaves major tax risks for Israelis and foreign firms.
Israel pushes to outlaw possession of over NIS 200,000 in cash
Opponents of the move claim that it severely violates privacy and limits economic freedom.
Israel considering tax exemption for new immigrants during first two years of residency
The ministry said the reform is part of the state budget presented this week and aims to encourage Aliyah and strengthen integration into Israeli society and the economy.
Picking up the pieces: Israelis who lost homes in Iran attack remain traumatized by bureaucracy
The war with Iran may be over, but for victims of missile attacks, the trauma continues.
Your Taxes: Clarifications for new Israeli tax amnesty
Consult experienced tax and professional advisers in each country at an early stage in specific cases.
Two suspects arrested after smuggling 80,000 cigarettes disguised as tissues
The two suspects, 31 and 32 years old, reportedly smuggled the cigarettes from Dubai, evading taxes estimated at about NIS 20 million.
Israel Tax Authority cracks down on fake invoices with stricter company ownership reporting
The Israel Tax Authority is also considering significantly tightening sanctions on controlling shareholders who sell companies but do not immediately report this to the Tax Authority.
