Israel tax authority

When doing succession planning for Israeli real estate, the choices may include using a trust, a nomineeship, an entity or direct bequests to the heirs. Each has pros and cons.

We can only guess what the taxpayer planned, but the ITA taxed the overall deal their way and the District Court ruled in the ITA’s favor.

The Supreme Court’s ruling affects anyone who transferred or is considering transferring real property in Israel into a trust, or in the event he is a beneficiary in such a trust.

The Finance Minister has doubled down on his prior promise to compensate any worker who has lost income due to rocket fire.

Cash deals exceeding 6,000 NIS will be illegal, as part of the effort to fight against money laundering and criminal activity.

The tax authority initially refused to grant the application, so a class action lawsuit was filed in March 2018. Shavit's accountant drew his attention to his right to a refund.

This affects international exporters and Israeli importers of digital products.

The grants were a desperately needed lifeline for many Israeli businesses

The aim is to encourage sales and supply and hence bring down home prices. The public has until 23:59 p.m. February 3 to comment on the proposals.

With record new vehicle sales in Israel in 2021, purchase tax earned by the government on new cars in the first 11 months of the year amounted to NIS 10.8 billion, up 20% from 2020.