After about a year of uncertainty about the pension insurance allocation ratios, the matter has now been resolved. A collective agreement has been signed between the Presidium of Israeli Business Organisations and the Histadrut Federation of Labour, which regulates the increase in the ratios of both the employee’s contribution and the employer’s contribution to the pension component in […]
An amendment to the Income Tax Ordinance that was recently enacted obligates financial institutions to identify the residency and citizenship of their foreign account holders. The financial institutions are required to report the information to the Israel Tax Authority, so that the ITA can then relay that information to the relevant foreign tax authority. Consequently, provisions of the […]
In the world of high tech and Israeli tax there has been some uncertainty as to whether entrepreneurs, whose shares are subject to a reverse vesting mechanism or a holdback upon their sale, should be paying income or capital gains tax. Earlier this month the Israel Tax Authority published a draft circular presenting its position […]
Originally printed in The Times of Israel BY ARIELLA DREYFUSS “In this world nothing can be said to be certain, except death and taxes.” Benjamin Franklin strikes again. However, in the world of high tech and Israeli tax there has been some uncertainty as to whether entrepreneurs, whose shares are subject to a reverse vesting mechanism […]
In March 2016 the government adopted the housing cabinet’s recommendations regarding criteria for allowing foreign construction companies to begin operating in Israel. This move is one of the government’s strategies for increasing the volume of residential construction in Israel. The government decided, inter alia, to publish a federal RFP (request for proposal), containing the threshold requirements […]
Adv Yuval Lazi will participate tomorrow as a judge at the final event of the Startau elite entrepreneurship program “demo day”. This program is a unique acceleration program intended for young entrepreneurs, whose involvement in the program commences at concept stage. The program gives these young entrepreneurs the tools and knowledge to advance the concept […]
Fosun (China) has bought controlling shares in Ahava Dead Sea Laboratories for NIS 290m (£53.9m). Barney & Co’s Micky Barnea, Ariella Dreyfuss and Itay Gura represented Kibbutz Mitzpe Shalem, one of the selling shareholders.