Many businesses park their spare profits in real estate, so, what was this taxpayer doing that was so businesslike?
The Finance Minister’s cancellation of a recent tax on sugary drinks marks a step backward in Israel’s struggle against diabetes.
Against the backdrop of the judicial reform, Israeli hi-tech leaders stated that the continued success of this sector requires business certainty.
Until now, most tax treaties are bilateral and not multilateral. MoMA doesn’t actually prescribe anything new, but it presents current “best” practice for resolving multilateral tax disputes
It was found during the investigation that the suspect didn't report any income from sales from a platform at all.
Input VAT is not recoverable on the caterer’s invoices, kitchen equipment and dining-hall furniture.
This judgment was the final stop in a series of appeals, including an earlier hearing in the High Court of Justice.
you. Many other countries have similar but not identical rules. This case summarizes for us what is legitimate Israeli tax planning and what isn’t.
Having had his eye on the tax’s cancellation for a while, Smotrich has moved to follow through on his goal, and will likely target a tax on soft drinks next.
If your tax planning is at odds with an ITA position, you must tell them on Form 146 so they know where to start a tax audit.