The latest amendment to the tax law was publicized last week. Among the sections included in the new law was a section dealing with the circumstances in which the Israeli Tax Authority is permitted to exchange information with other tax authorities across the world. Without going into the details of
The question of residency is important in determining a person’s status vis-a-vis their obligations to paying Israeli taxes. As previously discussed, Israeli residents must pay Israeli tax on their worldwide income, whereas a non-resident pays only on their Israeli income. Furthermore, with the 10-year exemption on taxation of non-Israeli income
