Taxes

Your Taxes: Reportable income-tax positions target shelters in US

A reportable income-tax position is a position contrary to a position published by the ITA if the tax advantage exceeds NIS 5 million in the tax year or NIS 10m. over four years.

 Income Tax and Property Tax Department at the Finance Ministry
 Illustrative image of doing taxes.

Your Taxes: Will Israel's proposed property tax crash again?

 Thousands of additional shekels can be saved every year with tax exemption

Your Taxes: New Israeli taxation rule calls for immediate action

BAHRAIN'S MINISTER of Finance and National Economy, Sheikh Salman bin Khalifa al-Khalifa speaks during a financial conference in Manama, Bahrain February 27, 2019.

Bahrain unveils massive reform package to tackle $50 billion debt crisis


Your Taxes: Moving onshore is tax evasion, says court

In a decision that has no winners, an Israeli court ruled that moving a subsidiary company from Dutch to Israeli ownership is tax evasion.

 Illustration of a sign leading to the Tax Authorities offices in Jerusalem.

Your Taxes: How the One Big Beautiful Bill impacts Americans in Israel

For Americans living in Israel, how will President Donald Trump's One Big Beautiful Bill (OBBB) affect your tax situation?

 The Big Beautiful Bill Is Triggering a Gold & Silver Boom

Israel Tax Authority cracks down on fake invoices with stricter company ownership reporting

The Israel Tax Authority is also considering significantly tightening sanctions on controlling shareholders who sell companies but do not immediately report this to the Tax Authority.

 Illustration of a sign leading to the Tax Authorities offices in Jerusalem.

The dramatic changes proposed to the definition of Israeli, foreign residents - opinion

It is worth questioning why the Tax Authority largely abandoned the original committee’s recommendations without broader consultation.

 THE ISRAEL Tax Authority is apparently interpreting ‘mail’ to include email and downloads from the Internet.

Your Taxes: Avoiding a catch-22 - opinion

Anyone following the Israeli judicial reform process should note what can happen if an executive authority simply ignores the courts and uses a catch-22 excuse when caught out.

 Illustration of a sign leading to the Tax Authorities offices in Jerusalem.

Your Taxes: Tough new fiscal residency proposals

It is proposed that 75 days in Israel any year may soon make someone an Israeli resident – or even a mere 30 days for couples – subject to a further review over five years according to a formula.

 Ben Gurion Airport

Jewish schools, families poised for windfall under new federal tax-credit program

The $1,700 federal tax credit to support private school tuition delivers a long-sought victory to Orthodox Jewish advocacy groups and other religious education proponents.

Orthodox Jewish children get off a Yeshiva school bus, as New York City Mayor Bill de Blasio declared a public health emergency in parts of Brooklyn in response to a measles outbreak, in the Williamsburg neighborhood of Brooklyn in New York City, US, April 9, 2019.

Your Taxes: Claim your rights regarding purchase tax on a new home - opinion

Not paying purchase tax on unbuilt property is easier than claiming it back.

 Concept of green finance flourishing businesses invest money and coins into sustainable ventures, nurturing growth of nature-friendly projects and ensuring prosperous future. green finance growth.

Your Taxes: Government grabs an employee fringe benefit

The government apparently needs to finance the war partly at the expense of employees – notwithstanding the lengthy service of many on IDF reserve duty.

 Illustration of  Israeli shekels, September 24, 2023

Your Taxes: Deductions for prepaid property rent and expenses - opinion

Here’s how to navigate the process.

 Money and a calculator