Feel free to join the Tax in Israel Facebook group As part of the disclosures required in the tax return, anyone who is considered a controlling shareholder in a non-Israeli company must complete form 150, and attach it to the tax return. A controlling shareholder is someone who, directly or indirectly, owns at least 10% of the rights of the company (e.g. shares, voting rights etc.). Furthermore, in determining the percentage of ownership, the percentages owned by first-degree relatives are also taken into account. The purpose of the form is to inform the tax authority of the existence of the company, as well as the

Please feel free to join the Facebook group linked to this blog – search for “Tax in Israel” As previously discussed, all employees are required to fill in form 101 for each place of employment, and give it to the person in charge of the salaries. Technically, this needs to be filled in on the 1st of January (for continuing jobs), but for practical reasons it’s sufficient to have it filled out before the January salary is processed. If your employer doesn’t give you one, you can download a blank form from the tax office here. Below is a short guide to filling in the form