Israel tax authority

The tax breaks are not changing but the implementation is being upgraded.

Form 150 must be attached to annual tax returns filed from the beginning of 2025 onwards even if they relate to earlier years.

The operating instructions spell out the raw deal freelancers get and how to perhaps mitigate this with a 150% "business restoration" bonus.

The voluntary disclosure procedure allows Israelis who have concealed and unreported assets to report them to the state and pay tax with immunity from criminal proceedings.

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

As companies adapt to these new guidelines, it will be essential to ensure that all agreements signed from January 1 onwards comply with the updated regulations to avoid any future tax complications.

This case decision could disrupt Israeli imports more than the Houthis.

Alongside the adjustment to purchase tax on electric vehicles, all gasoline, diesel, hybrid, and plug-in hybrid vehicles will become more expensive.

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

For small business owners, the Osek Za’ir is an opportunity to save time, reduce costs, and focus on contributing to Israel’s economy.

While we wait for the Israeli 2025 budget to pass, here is some other Israeli tax news.