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


What is the Israel gov't proposed 'Arnona Fund?' - analysis

Local Authorities in Israel announced on Sunday that it was going to cease providing municipal services until the Fund is removed from the Economic Arrangements Bill.

 New Israeli Shekel banknotes and coins are seen in this picture illustration taken November 9, 2021.

Who must file an Israeli 2022 tax return?

How you can better understand Israeli tax systems.

 Illustrative image of doing taxes.

Your taxes: Understanding business and the Silicon Valley Bank fallout - opinion

Many businesses park their spare profits in real estate, so, what was this taxpayer doing that was so businesslike?

Calculating taxes

Smotrich cancels soda tax, while diabetes looms large in Israel

The Finance Minister’s cancellation of a recent tax on sugary drinks marks a step backward in Israel’s struggle against diabetes.

 Finance Minister Bezalel Smotrich and and Arnon Ben Dor, Chairman of the Histadrut hold a joint press conference in Tel Aviv on March 2, 2023.

Israeli hi-tech contributes NIS 340 billion to the economy per year

Against the backdrop of the judicial reform, Israeli hi-tech leaders stated that the continued success of this sector requires business certainty.

 Israeli flags flutter at a business park housing hi-tech companies, at Ofer Park in Petah Tikva.

Financial uncertainty doesn't bode well for global business - opinion

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

 THE ISRAEL Tax Authority is apparently interpreting ‘mail’ to include email and downloads from the Internet.

Well-known graphic designer suspected of tax evasion of NIS 3 million

It was found during the investigation that the suspect didn't report any income from sales from a platform at all.

 Illustration photo of a bitcoin. January 18, 2018.

Cooking up a tax plan for food

Input VAT is not recoverable on the caterer’s invoices, kitchen equipment and dining-hall furniture.

 Illustrative image of doing taxes.

Your Taxes: Israel upholds tax on transfer of real estate to trusts

This judgment was the final stop in a series of appeals, including an earlier hearing in the High Court of Justice.

House and calculator [Illustrative].

When is legal Israeli tax planning illegitimate?

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.

Calculating taxes