{"id":7691,"date":"2023-01-23T11:28:20","date_gmt":"2023-01-23T11:28:20","guid":{"rendered":"https:\/\/aboulafia.co.il\/?p=7691"},"modified":"2025-08-28T11:45:46","modified_gmt":"2025-08-28T11:45:46","slug":"financial-updates-for-the-2023-tax-year","status":"publish","type":"post","link":"https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/financial-updates-for-the-2023-tax-year\/","title":{"rendered":"Financial Updates for the 2023 Tax Year"},"content":{"rendered":"

VAT return for the self-employed Osek Patur\u00a0<\/u><\/strong><\/p>\n

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.
\nThe income ceiling for an exempt dealer for 2021 is 102,292 NIS .
\nIf you have not yet reported, you can report in the blue form you received in the mail (or will receive later). Alternatively, it can be reported easily and quickly on the
\nTax Authority website<\/a>.
\nIf you have exceeded the income ceiling, please contact your CPA as soon as possible.<\/p>\n

For your information, the income ceiling for an exempt dealer in 2023 is 107,692 NIS \u00a0<\/strong><\/p>\n

Tax payments on rent<\/strong><\/u><\/p>\n

If you have income from renting out a residential apartment in Israel, you can pay a reduced tax rate of 10%, the discount rate will be given until January 30, 2023 and will be received as long as the apartment is used for residential purposes, and the rental income is not considered business income.\u00a0For payment and more information.<\/a><\/p>\n

Payment of income tax advances<\/strong><\/u><\/p>\n

You can pay the advances for income tax for the tax year 2022. Advanced payment entitles you to an exemption from the differences arising from the adjustment in the cost of living and interest. The payment can be made on the\u00a0website of the Tax Authority<\/a>\u00a0independently and will be eligible to discounts according to the following specifications:<\/p>\n

1. A payment received by January 31, 2023 will be considered as a
\ntimely report and will be exempt from the full differences and interest.<\/p>\n

2. Payments received during February 2023 will receive a
\n50% discount on differences and interest.<\/p>\n

3. A payment received during March 2023 will receive a
\n25% discount on differences and interest.<\/p>\n

Reduced fee payment for
\ncompanies and partnerships<\/u><\/strong><\/p>\n

You can pay the annual fee for 2023 at a reduced rate,
\nFor more details and payment, visit the\u00a0Corporations Authority website<\/u><\/a>.<\/p>\n

*\u00a0Companies<\/strong>\u00a0the reduce rate will be available until March 31, 2023 at
\nthe amount of 1215 NIS. As of April 1, 2023, the \u00a0rate will be updated to
\nthe regular \u00a0amount of 1,614 NIS.<\/p>\n

\u00a0* Partnerships<\/strong>\u00a0the reduce rate will be\u00a0available\u00a0until March 31, 2023 at
\nthe amount of 1210 NIS. As of April 1, 2023, the\u00a0\u00a0rate will be updated to
\nthe regular\u00a0\u00a0amount of 1,608 NIS.<\/p>\n

Reduced fee payment for nonprofits<\/strong><\/u><\/p>\n

\u2022 Non-profit organizations with a turnover exceeding 300,000 NIS. Please note that you can pay the annual fee for 2023 at a reduced rate of 1,215 NIS until March 31, 2023, from April 1, 2023 the rate will increase to 1,614 NIS. The payment can be made on the\u00a0Corporations Authority website<\/u><\/a>\u00a0or by mail whilst referencing the charity number.<\/p>\n

\u2022 Non-profit organizations that are in the first two years of their activity and have a turnover of less than 300,000 NIS are entitled to pay a reduced fee amount of 160 NIS, in accordance with the Authority\u2019s guidelines. For additional details.<\/a><\/p>\n

\u2022 Non-profit organizations that between the years 2015-2019 their annual budget was less than 300,000 NIS and do not have employees may submit an application for exemption from the payment of the fee, in accordance with the Authority\u2019s guidelines, For additional details.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

VAT return for the self-employed Osek Patur\u00a0 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 102,292 NIS . If you […]<\/p>\n","protected":false},"author":5,"featured_media":7694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[200,250,253],"tags":[],"class_list":["post-7691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-israeli-taxation-en","category-itzik-libster-en","category-binyamin-radomsky-en"],"acf":[],"yoast_head":"\nFinancial Updates for the 2023 Tax Year - \u05d0\u05d1\u05d5\u05dc\u05e2\u05e4\u05d9\u05d4 \u05e8\u05d5\u05d0\u05d9 \u05d7\u05e9\u05d1\u05d5\u05df<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/financial-updates-for-the-2023-tax-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Updates for the 2023 Tax Year - \u05d0\u05d1\u05d5\u05dc\u05e2\u05e4\u05d9\u05d4 \u05e8\u05d5\u05d0\u05d9 \u05d7\u05e9\u05d1\u05d5\u05df\" \/>\n<meta property=\"og:description\" content=\"VAT return for the self-employed Osek Patur\u00a0 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 102,292 NIS . If you […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/financial-updates-for-the-2023-tax-year\/\" \/>\n<meta property=\"og:site_name\" content=\"\u05d0\u05d1\u05d5\u05dc\u05e2\u05e4\u05d9\u05d4 \u05e8\u05d5\u05d0\u05d9 \u05d7\u05e9\u05d1\u05d5\u05df\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-23T11:28:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-28T11:45:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/aboulafia.co.il\/wp-content\/uploads\/2025\/08\/Shutterstock_2235049043-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Rachel Levin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rachel Levin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/financial-updates-for-the-2023-tax-year\/\",\"url\":\"https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/financial-updates-for-the-2023-tax-year\/\",\"name\":\"Financial Updates for the 2023 Tax Year - 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