Taxation

A company car looks like a free benefit, but in practice, it is an amount added to the payslip and taxed as income. Here is how it is calculated, how much it really costs you, and why your tax bracket is the most important variable in the deal.

The sale price in the contract is just the beginning, and it is offset by recognized deductions, a single apartment exemption of up to 5,008,000 shekels, and a beneficial linear calculation for older apartments. The traps that increase the bill.

Exemption up to a ceiling, a fixed 10% tax, or a graduated track with expenses and depreciation - the choice seems technical, but it determines how much you will pay this year and how much capital gains tax you will pay upon sale. We break down the numbers, examples, and the depreciation trap.

Ahead of election day, the Tax Authority has published clear guidelines regarding tax deduction rates for temporary election workers, clarifying procedures for both adults and minors.

The artificial intelligence revolution is transforming tax collection in Israel. The Israel Tax Authority is transitioning from sample audits to analyzing 100% of reports, significantly increasing the likelihood of detecting undeclared income.

Benefits worth millions of dollars accumulated from business purchases flow directly into the pockets of executives. However, a potential tightening of tax enforcement could shake the profitability model of major Israeli loyalty programs, primarily El Al's frequent flyer club.

Israel Tax Authority head Shay Aharonovich revealed for the first time that massive deals by two Israeli tech companies generated between 20 and 30 billion shekels for the state budget, bolstering national economic stability.

Recent tax law amendments provide exemptions for income generated from work and business within Israel up to specific annual ceilings. Additionally, purchase tax relief for immigrants buying a single apartment has been updated.