Partner since 2014 Specializations: Israeli taxation, Land Appreciation Tax, retirement planning How did it all start? Looking back it’s funny to see how as a young man I ended up in the accounting profession that I now love so much. I come from an ultra-Orthodox and scholarly background, until the
In line with the spirit of the times, the Tax Authority issued an important clarification regarding stock donations that benefit both donors and Israeli charitable organizations. The Tax Authority clarified that it is possible to donate shares to charitable organizations and completely avoid paying capital gains tax on the transfer
I’m not much of a writer. Certainly not a writer of personal feelings. Yes, I cried when each of my children was born and when they reached various milestones in their lives, but generally, my emotions are kept inside. Yet, three times in the past I felt the need to
30/03/2023 Partner since 2015 Specializations: US and international taxation You were born and raised in the USA – how did you decide to make Aliya? I have always known that I would like to live and raise my children in Israel. My wife and I decided at a very early
VAT return for the self-employed Osek Patur Self employed persons must report to VAT their turnover (excluding expenses) for 2022 by January 31, 2023, to ensure that they are eligible to continue operating under the definition of an Osek Patur. The income ceiling for an exempt dealer for 2021 is
As we approach the end of the tax year we are happy to bring to your attention important tax updates that can help you submit the information to the tax authorities at the right time and manner. See our list of money saving tips for the end of the tax
The Israel Tax Authority recently announced that bitcoin and other cryptocurrencies would be taxed as a capital asset, not a currency. Israel had been considering the measure since 2013. The decision, announced in a circular on Feb. 19, means that cryptocurrencies are subject to capital gains tax for individual investors,
Many people avoid reporting to the tax authorities and thereby knowingly or inadvertently, bring upon themselves unnecessary emotional and financial difficulties. The words “voluntary disclosure” sound big and scary, but the truth is that if you get the right guidance from an expert CPA in this field, it becomes a
This is how you can avoid paying double capital gains tax! If you are considering selling shares in US companies it is important for you to know: In accordance with the tax treaty between Israel and the U.S, the first right to tax on capital gains from the sale of
The State of Israel grants a tax benefit to new immigrants and returning residents. The purpose of the benefit is to encourage potential “Olim” and Returning Citizens of Israel to make Aliyah. The benefit is valid for 10 years, it grants an exemption from reporting and paying tax on income
