A recent court ruling in the Shalam Packaging Products Group case addressed claims made by the Netanya tax assessor. The assessor argued the group executed a restructuring solely to reduce its tax liabilities by offsetting...more
6/17/2024
/ Business Losses ,
Business Taxes ,
Capital Gains ,
Debt Restructuring ,
Insurance Claims ,
Parent Corporation ,
Property Damage ,
Shareholders ,
Subsidiaries ,
Tax Assessment ,
Tax Liability ,
Tax Planning
A draft bill to amend the Income Tax Ordinance was published in early March 2024. The objective of the draft bill is to increase transparency in the Israeli tax system. That is in order to combat unreported capital and to...more
The Supreme Court’s ruling in the GFI Securities Limited (GFI) case, published in February 2024, determines not to regard a financial intermediary services transaction (brokerage services) involving both Israeli residents and...more
At the beginning of November 2023, the Israel Tax Authority published special instructions granting concessions to employees issued a company car who were subsequently called up for emergency reserve duty under an Order 8 or...more
A district court ruling handed down this past September addresses the legitimacy of distributing dividends prior to a sale of shares in order to reduce the tax liability deriving from the transaction. The court found that, in...more
The Israeli legislature promulgated a new Angels Law at the end of July, with the goal of preserving Israel as an attractive hub for investments in high-tech companies by granting various tax incentives. (This temporary order...more
8/16/2023
/ Acquisitions ,
Angel Investors ,
Corporate Financing ,
Corporate Taxes ,
Foreign Financial Institutions (FFI) ,
Foreign Investment ,
Interest Income ,
Investors ,
Israel ,
Startups ,
Tax Credits ,
Tax Incentives ,
Technology Sector
Does the sale price of intellectual property between related parties reflect its market value? The Tel Aviv District Court deliberated this question in October 2022. The ruling it handed down, which concurs with a series of...more