Weekly Newsletters

As it is well known, in the framework of the 60th anniversary of the State of Israel, amendment number 168 was added to the Israeli Tax Ordinance ("Immigrants Law"), in force as of 2007. The Immigrants Law is aimed to a special group of individuals ("qualified Individuals") – new immigrants and "old returning residents" (those who returned to Israel after they had spent at...

Recently, the Tax Authority has published a tax ruling and a circular on the subject of fiscal residency of an individual: a taxruling (consensual) that deals with setting of conditions for receiving a certificate of a resident of Israel for treaty purposes, and a circular that deals with the options of receiving prior approval of new...

We wish to put forth before you in summary a number of newsflashes that our office has published on the subject of trusts in the last quarter. As an introduction to the cases set forth below, it must be noted that the trusts chapter in the Israeli Income Tax Ordinance that took effect in 2006 grants a trust a legal status for ...