This post is a similar post from last year, with the required amendments etc. pertinent to the 2014 tax year. The current deadline for filing your 2014 tax return is 31st May 2015 (but this is likely to be extended by a month). The Tax Law states that every Israeli resident is required to file a tax return every year, and doing so late results in hefty penalties (in excess of NIS 1,000 for each month between the official deadline and the actual filing). That being said, a supplementary ruling to the law grants exemptions from filing if you (and your spouse – assume this the

This was previously known as Negative Income Tax – מס הכנסה שלילי. A number of years ago, the government introduced a scheme designed to help workers earning very little. This grant, based on average monthly earnings in the previous tax year, was initially available only to those living in certain parts of the country. Who is eligible? You must meet the following criteria: 1. Be aged 55+ or aged between 23 and 54 and have at least one child. 2. You, together with your spouse, own no more than a 50% stake in any land or property (worldwide) that is not your residence. 3. Your average