International taxation - A trustee in a relocation - Issues in the severing of the tax residency of a trust
The chapter on trusts in the Israeli Tax Ordinance affords the status of a taxpayer for tax purposes to a trust (including a registration number, a managed file in an assessing office etcetera), even though the trust itself is not an independent legal entity but is rather a legal arrangement, generally between a settlor and a trustee.
International taxation - Capital gains – The Bitcoin is deemed to be "an asset" for income tax purposes
ecently (in May 2019), a judgment was handed down, which the crypto industry had been anticipating (but not the result that was determined in it), pursuant to which a Bitcoin is deemed to be "an asset" and not "a currency".
International taxation - Options for an employee in "Cost +" companies – is this the end of the chapter?
n April 2018 a (unanimous) ruling was handed down by the Supreme Court on two different appeals, which deal, inter alia, with the application of the section that deals with transfer pricing, in respect
International taxation - Completing the revolution: taxation on income generated abroad by a foreign resident
A tax ruling has been published recently, which deals with the taxation of income from the exercise of options by a returning resident. "Spoiler" – the Tax Authority has determined that income from options that have vested outside of Israel when the individual was a foreign resident is taxable in Israel, and thus it has retracted its position in previous tax rulings. This tax ruling
International taxation - Report by the Security Authority's Committee in Connection with the Issuance of Crypto-Currencies and the Tax Implications
In March 2019, the final report by the Security Authority – The Committee for the Arrangement of the Issuance of Distributed Ledger Technology Based Crypto-currencies to the public. The final report was published after the publishing of a very detailed interim report, which was presented to the public in March 2018. The Committee's main role was to consider the application of the Securities Law to the issuance of crypto-currencies.
International taxation - The way to an exemption on the sale of traded securities in the hands of a foreign resident
A few weeks ago, the Tax Authority published a new form, the title of which is "Annual report for a foreign resident company that has an exempt capital gain from the sale of securities that are traded on a Stock Exchange in Israel". Amazingly, the form was removed one day later and as of the