Israel income tax

Your Taxes: Will Trump's building plan bring Israeli tax breaks?

Suppose Israelis were able to participate in Trump's construction projects, what would the anticipated Israeli tax consequences be

 U.S. President Donald Trump speaks during the annual National Prayer Breakfast at the U.S. Capitol in Washington, U.S., February 6, 2025.
 Israel Innovation Authority CEO Dror Bin

IIA: Hi-tech accounts for 24% of all tax in Israel, 36% of income tax

 The Finance Ministry offices are seen on May 14, 2023

CBS: Real average wages up 4.4% from last year, down from March

 Illustrative image of a piggy bank on a pile of money.

Revisited: Is Zionism tax evasion? - analysis


What are Israel's reportable tax positions?

If your tax planning is at odds with an ITA position, you must tell them on Form 146 so they know where to start a tax audit.

 Illustrative image of doing taxes.

Inheritance taxation: A great idea or a disaster?

Let us not rush to tax. And to the government we say – think twice!

 Benjamin Franklin by Joseph Siffrein Duplessis

Israel approves plan to increase net wages for working parents

The approved measures, which will significantly improve the net wages of parents with children six years old and under, are key components of Moshe Kahlon's "Net Family" tax cut plan.

Moshe Kahlon (left) and Benjamin Netanyahu (right).

Your Taxes: Deadly deadlines

As always, consult experienced tax advisers in each country at an early stage in specific cases.

money

Clock ticking on the Tax Authority’s amnesty program

The program gives Israelis the option to voluntarily disclose previously unreported overseas earnings or bank accounts without incurring criminal penalty.

Man at an ATM in Israel

'Israeli-Americans who did not do their tax homework at greater risk of penalties'

FATCA disclosure agreement takes effect, worrying some Israeli-Americans

Man at an ATM in Israel

NIS 8.6 billion reported through voluntary tax disclosure scheme

In September of 2014, the authority launched a voluntary disclosure procedure that would allow Israelis who had failed to report path to come clean without facing criminal charges.

Man at an ATM in Israel

Tax Authority nabs 8,000-person list of Israeli HSBC accounts

Having a Swiss bank account is not illegal in Israel as long as it is reported to authorities and taxes are paid.

Swiss flag

Who’s afraid of a minimum wage revolution (and who’s not)?

The reason for the minimum wage increasing twice as much in the US as in Israel is not only to actions of the current Obama administration, but also those of the previous government.

Shekel money bills

Your Taxes: Budget enacted

A proposal to require olim to disclose exempt foreign income and gains arising in their 10-year Israeli tax holiday did not make it past the cabinet.

Moshe Kahlon

Finance Committee authorizes tax breaks for periphery

Residents of 402 towns will now receive the benefit, as opposed to 182 previously.

Protests against proposed changes to the criteria for periphery residents to receive tax benefits, October 2015.