Israeli taxes

Your Taxes: Israeli property flip ends with a costly VAT lesson

A recent Israeli court ruling offers a costly lesson for property investors: recovering VAT when buying a property can create a much larger VAT bill when plans change.

 Illustrative image of doing taxes.
 Income Tax and Property Tax Department at the Finance Ministry

Your Taxes: Does Israel need to tax billionaires?

Passengers at Ben Gurion Airport.

Your Taxes: Don’t mix up the red and green channels at Ben-Gurion Airport

LUCAS drone (illustrative).

Trump announces steep tariffs on drones, citing US reliance on foreign suppliers


Important developments for US citizens living in Israel - opinion

The US and Israel have instituted new legislation on the topics of investments, taxes, and real estate.

 Adv. Osher Felicia Haleli, a Partner in the law firm Shibolet & Co.

Israel announces new tax benefits for olim: What are they and how do they work? - opinion

To attract more individuals to migrate, the finance minister has introduced a new tax relief that lowers the purchase tax rates for residential property transactions involving new immigrants.

Olim from North America arrive on a special " Aliyah flight" to the Ben Gurion airport

Your Taxes: Withdrawals from savings - opinion

The Israeli government has amended tax laws to allow backdated pension contributions and early withdrawals from study funds due to the war.

New Israeli Shekel bills are seen in front of an upwards-trending graph (illustration)

How to disprove a wrongful tax evasion accusation

Your Taxes: Businesses should always have a commercial rationale for their acts.

Calculating taxes

Your Taxes: The end of cost plus in Israel? - opinion

The Israeli Tax Authority (ITA) has just won a significant victory in the District Court against the use of the “cost plus” basis of compensation.

New Israeli Shekel bills are seen in front of an upwards-trending graph (illustration)

Inheritance tax changes may trap UK olim

Olim from the UK frequently assume that by making aliyah, their liability to British estate taxes disappear. Unfortunately, this is far from true.

 Thousands of additional shekels can be saved every year with tax exemption

Wartime update: Compensation for property owners, reservists

Compensation and other measures are gradually being extended as the war continues. Here is a partial wartime update.

Apartment for sale in Jerusalem

Investing in real estate abroad and what it will mean for your taxes

If you want to diversify your investments and purchase real estate in the UK, here's what you need to know.

 Property estate agent sales and letting signs are seen outside an apartment building in Lichfield, Britain, May 3, 2022.

Israeli singer Omer Adam pays for cab rides for soldiers going home

Since the beginning of the war, Adam has also turned his house into a support station for soldiers and displaced people.


Your Taxes: Israel lags behind OECD initiatives

The government has issued proposals to collect 23% from Israeli parent companies with 30+% affiliated companies that derive certain types of “mobile income” taxed abroad below 15%.

 Illustrative image of doing taxes.