Israel Tax News




Israel Purchase Tax Rates Rise

November 2021
Starting November 28, 2021 there is a rise in the purchase tax rates for investors buying their second or additional flat.
The new purchase tax rates are 8% for flats valued under IS 5,348,565 and 10% for flats above this ceiling.
The previous lower rate were 5%, 6%, 7%, 8% and 10% depending on the flats cost price.

Israel Purchase Tax Reduction

July 2020
The Israeli parliament decided on July 26,2020 to reduce the purchase tax rate for investors buying flats from 8% to 5%.
At present investors having already one flat have to pay 8% for buying an additional flat up to a purchase price of IS 5.3 million.
The purchase tax reduction is aimed to encourage investors in the Israeli real estate market.

Israel New Cash Law

February 2019
Starting January 1, 2019 a new cash law is in effect in Israel, aiming to restrict the use of black money.
According to the law in transactions between a customer and a business only transaction of up to IS 11,000 can be paid in cash.
For transactions exceeding IS 11,000 only 10% of the total transaction can be paid in cash.
For transactions between two private people, e.g. a sale of private car, the ceiling for cash payment is IS 50,000. February 2019.



Israel Taxation of Share Warrants

December 2018
According to a new circular published by the Israeli tax office there will be a dramatic change in taxation of startup share warrants to employees.
At present the taxation on warrants exercised in the event of an exit or public offering is 25%. According to the circular such warrants will be taxed as labor income, for senior employees a tax of around 50%.

Israel Tax Update 2018

January 2018
Starting January 1, 2018 the new corporate income tax rate in Israel is 23% compared to 24% in 2017.
The tax rate is expected to be further reduced to 20% by 2021.
The personal income tax rates are 10%-47% ,47% for monthly income exceeding IS 41,530.
The V.A.T. rate remains at 17% same as in 2017.



Albania Tax updates and news | Argentina Tax updates and news | Armenia Tax updates and news | Australia Tax updates and news | Austria Tax updates and news | Azerbaijan Tax updates and news | Bahamas Tax updates and news | Bahrain Tax updates and news | Barbados Tax updates and news | Belarus Tax updates and news | Belgium Tax updates and news | Bermuda Tax updates and news | Brazil Tax updates and news | Bulgaria Tax updates and news | Canada Tax updates and news | Chile Tax updates and news | China Tax updates and news | Colombia Tax updates and news | Croatia Tax updates and news | Cyprus Tax updates and news | Czech Republic Tax updates and news | Denmark Tax updates and news | Egypt Tax updates and news | Estonia Tax updates and news | Ethiopia Tax updates and news | EU Tax updates and news | Finland Tax updates and news | France Tax updates and news | Georgia Tax updates and news | Germany Tax updates and news | Gibraltar Tax updates and news | Greece Tax updates and news | Guernsey Tax updates and news | Hong Kong Tax updates and news | Hungary Tax updates and news | Iceland Tax updates and news | India Tax updates and news | Indonesia Tax updates and news | Ireland Tax updates and news | Isle of Man Tax updates and news | Israel Tax updates and news | Italy Tax updates and news | Jamaica Tax updates and news | Japan Tax updates and news | Jersey Tax updates and news | Kazakhstan Tax updates and news | Kuwait Tax updates and news | Latvia Tax updates and news | Lithuania Tax updates and news | Luxembourg Tax updates and news | Malaysia Tax updates and news | Malta Tax updates and news | Mexico Tax updates and news | Moldova Tax updates and news | Montenegro Tax updates and news | Morocco Tax updates and news | Netherlands Tax updates and news | New Zealand Tax updates and news | Nigeria Tax updates and news | Norway Tax updates and news | Oman Tax updates and news | Panama Tax updates and news | Peru Tax updates and news | Poland Tax updates and news | Portugal Tax updates and news | Qatar Tax updates and news | Romania Tax updates and news | Russia Tax updates and news | Saudi Arabia Tax updates and news | Serbia Tax updates and news | Singapore Tax updates and news | Slovakia Tax updates and news | Slovenia Tax updates and news | South Africa Tax updates and news | South Korea Tax updates and news | Spain Tax updates and news | St. Lucia Tax updates and news | Sweden Tax updates and news | Switzerland Tax updates and news | Taiwan Tax updates and news | Tajikistan Tax updates and news | Thailand Tax updates and news | Tunisia Tax updates and news | Turkey Tax updates and news | UAE Tax updates and news | U.K. Tax updates and news | Ukraine Tax updates and news | U.S. Tax updates and news | Uzbekistan Tax updates and news | Vietnam Tax updates and news