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April 2024

The Israel Tax Authority issued an important ruling regarding the donation of shares that benefits donors and Israeli charities. The Tax Authority ruled that when shares are donated, donors will get a tax credit for the fair market value of the shares donated and will  avoid paying capital gains tax on the transfer of shares by the donor. Previously, the tax authority required donors to realize the unrealized gains on the donations as capital gain subject to 25% taxation.  The donor will be entitled to claim a tax credit of up to 35% of the value of the donation on

As of 05/05/24, the "Israel Invoice" model will come into effect. According to the new model, the Tax Authority will issue allocation numbers for tax invoices issued to customers who are authorized dealers, through an online system. These allocation numbers will be required as a condition for deducting input tax in transactions above the ceiling set by law, which as of 2024 stands at NIS 25,000 (before VAT) and in accordance with the outline listed in the law. In order to operate the new model, preliminary settings of the system are needed Stage 1 First, someone in the business must be registered as

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