On 2 July 2025, a Memorandum of Law for Amendment of the Income Tax Ordinance (Residency of an Individual), 5785-2025 was published for public comment (“the Memorandum of Law”).
Following the outbreak of the “Rising Lion Operation” (the War) and given the security situation in which the country finds itself, the Israel Tax Authority (ITA) published a series of significant easements concerning the deadlines for reporting and the payment of tax.
On 27 February 2025, the Israel Tax Authority (“the ITA”) published a draft Circular for public comments on the attribution of income to R&D centres. This Circular, to the extent it becomes binding, is expected to have considerable importance for multinational groups operating R&D centres in Israel.
After a steadfast struggle with the ministry of finance.
An agreed upon compromise is apparent following which amendment of the law for the taxation of “locked in profits” may be narrowed dramatically.
During the months of January-August 2024, a team led by the Director General of the Ministry of Finance convened in order to consider the issue of undistributed
The Israeli regulators and financial system approach towards cryptocurrencies has been a matter of criticism in the past several years due to lack of clarity and regulatory guidelines.
