International Tax Law - What about foreign companies in Israel? The general principle in Israel is that if you own a company in a foreign country but exercise control from Israel—whether from your home or an office in Israel—the company may be reclassified as an Israeli company for tax purposes. Even if you only receive [...]
International Tax Law - The special status of New Immigrants: I’m sure you were informed when making aliyah that you are entitled to a ten-year exemption from income tax (“Tax Holiday”), which is quite interesting. However, have you really checked the conditions for this exemption? The primary requirement is that the income must be generated [...]
International Tax Law in Israel – Who is considered “working in Israel”?
According to Israeli law and most international treaties, your place of work is defined by where you are physically located. It doesn't matter where your employer is based, where your clients are, or where your remuneration is paid. If you work from home in Israel (“You are literally sitting on a chair in Israel”), your [...]
What is Tax Residency?
Tax residency is a concept that applies both at the national level and in international terms, and it essentially determines which country has the right to tax you. The key question is: to which country do you belong for tax purposes? This can be a highly subjective issue. Each country has its own internal definition [...]
International Inheritance and Succession Law
• How might one be best advised to proceed in the case of a person deceased abroad who was resident in Israel? • What provisions should a foreign resident make with property assets in Israel – and what will happen if the person has signed a Will abroad but not in Israel? • What is [...]
Understanding International Wills
The European Union Succession Regulation passed in 2012, which came into law on 17 August 2015, enables anyone in the European Union, with the exception of the United Kingdom, Ireland and Denmark, to enforce a Will drawn up under foreign law, irrespective of the applicable internal law. It is crucial to appreciate the implications, conditions [...]
How to purchase an apartment in Israel with complete peace of mind
A real estate purchase in Israel represents a significant investment, often fraught with complex bureaucratic procedures, particularly for overseas buyers who are unfamiliar with the complex financial, taxation and legal processes involved. These may be very different from other countries, which is why only a specialized property lawyer is qualified to advise you. Below are [...]
Tax Exemption Ceilings in Israel in an Overheated Property Market
Property prices in Israel have risen significantly since early 2022. While the tax exemption brackets ought to adjust to compensate for this situation, notably for owners of single home, the question remains whether the adjustment has been sufficient to cover the difference. Tax exemption brackets for homeowners of a single apartment: When buying an apartment [...]
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