Further to our April 2019 update on the signing of a double taxation treaty between Israel and Australia, the Minister of Finance signed in December 2019 the order bringing the treaty into effect on January 1, 2020.

The treaty provides, among other things, a solution to double tax residency in order to avoid double taxation, as well as reduced withholding tax rates for 0-15% dividends, 0-10% interest, 5% royalty, etc.