Our office is an official member of “Vialto Partners”, an international company with a worldwide reputation and expertise in accompanying businesses and their employees in relocation situations. The Relocation Department in our office helps businesses and individuals deal with the tax exposures and challenges that arise when moving to work in another country. The department has approximately 20 staff members led by CPA Danny Zucker and CPA Larry Stern – experts in the field of international taxation who have many years of experience working with international companies and individuals.

Relocation Services for Individuals

You have received a job/internship offer that requires relocation, and you are happy for such an opportunity, as well as excited about the new adventure!. But before you pack your life into a suitcase for the new destination it is important to know that relocation requires advance planning – otherwise your intended gain can become your loss. The move to a workplace in a foreign country exposes the employees to two tax systems. More often than not, people who are considering moving do not take into account the issue of double taxation and the treaty between the State of Israel and different destinations. And even if there is an awareness of this matter, most people assume it can be resolved with no trouble – this is a serious mistake that can cause unnecessary and unplanned for financial damage and heartache.

Our accountants from the Relocation Department accompany both returning residents and new immigrants, as well as hundreds of Israeli employees who are interested in working around the world in a wide variety of fields: high-tech, senior executives in the retail sector, medicine, biotechnology and more, helping to ensure that the transition will be smooth and economical. Our experts analyze the new employment conditions along with the candidate’s family and personal situation, and present all the considerations he faces in order to make informed financial decisions. When should you redeem shares? When should you give up residency, and when is it mandatory to continue paying social security? What is the optimal way to deal with passive income from sources in Israel? These are just of handful of the issues our department addresses.

The recommendations of accountants who are knowledgeable in the field and deeply familiar with the field of international taxation, and specifically with the tax laws in Israel and in the destination country, can change the whole experience for the better!

Do not take this big step without consulting the experts in the field.

Our Services:

• National Insurance  )Bituach Leumi) laws / requirements?
• Relocation consulting
• Intervention with the tax authorities on the issue of disconnection of residency
• Submitting tax and other financial reports in Israel
• Submitting reports in the target country, especially the USA, England and France

Relocation Services for Companies

Investment in an employee is, as we know, an asset to the company. Many companies desiring to develop in Israel and in the world are often faced with the economic dilemma of how they can attract or maintain high quality personnel to work for them in Israel or other countries around the world.

As with any economic consideration, cost versus benefit must be calculated, even in the case of transferring an employee to a new workplace. However, when relocation to another country is a factor, the calculation is much more complex and components related to the tax liability in the destination country must be taken into account. Usually this is a factor which employers and their accountants are not aware of at all.

Our accountants from the Relocation Department accompany many companies in this process, and together we assess and compute all the necessary employer costs for sending an employee abroad. The undertaking is mapped several years ahead, with an individual calculation made for each employee, including salary calculations and withholding calculations for the exercise of options and shares. In a competitive world it is important to remember that desirable employees receive many financial incentives to move to work in different destination countries, and the employer often finds himself faced with a complex and complicated system of considerations that does not always clearly present what the final cost of this move is going to be and whether it will ultimately be economical for the company as well as meet all its requirements in the destination country.

As accountants who accompany many businesses, we implore anyone who is faced with the option of sending an employee abroad to responsibly consider the salary component of the senior employee and to ensure proper management of the business. In order to make sure that everything is done in the best way and that both parties benefit, it is necessary to involve expert accountant. Those who are knowledgeable in the fields of international taxation and who can formulate a profitable and fair deal for all parties involved.

Services:

• National Insurance  )Bituach Leumi) laws / requirements?
• Relocation consulting for companies
• Relocation planning and individual employer cost calculation
• Calculation of salaries – preparation of salary computations
• Withholding calculations for the exercise of options and shares
• Submitting reports in the destination country, especially the USA, England, France