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
A common way to operate a business worldwide is by creating a corporation. This is a separate legal entity to the owners (called shareholders), but is recognized worldwide. Corporations are often referred to as companies, and the two terms will be used interchangeably. One of the major advantages of a
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
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
