The tax system in Israel is rather complicated , consisting of a variety of taxes. In addition to the regular corporate and individual income taxes and the value-added tax, there are other forms of taxes. As professional consultants, we can help you maneuver through this rather cumbersome system and at the same time help you formulate effective tax planning and minimize your taxes.
Tax saving ideas
Here is a list of a few of the issues which we can help you address in helping you formulate effective tax planning and minimizing taxes, and our ideas on dealing with these issues.
1. Shareholders loans to privately held corporations
Loans made by shareholders, of privately held corporations, to their corporation can be structured in a way that the interest earned by the shareholders will be exempt, and at the same time have the interest as a
deductible expense to the corporation. We can help you structure these loans in a way which will yield the maximum benefit to you.
2. Minimization of taxes on capital gains
Under certain circumstances it is possible to reduce or eliminate gains on the disposal of corporate assets , and the resulting taxes on such gains. We can help you structure the transactions regarding the disposal of corporate assets in a manner which will minimize or eliminate your taxes.
3. Tax relief and other assistance to new immigrants and returning residents
There is a variety of tax relief, assistance and benefits which are available to new immigrants and returning residents. We can help you by advising you of the benefits which are available to you, in your particular circumstances.
4. International treaties
There are various tax treaties which were set up between Israel and other nations. These tax treaties help reduce, or eliminate double taxation . We can help you utilize the benefits of these treaties.
5. Tax relief available to specialists from abroad
Tax relief is available to experts or specialists from abroad under certain circumstances.
We can help you utilize the maximum benefits available to you.
6. Land transfer taxes
On purchase of land, there is a charge of land transfer taxes at a rate of 5% of the purchase price of the
land to the purchaser.
We can help you structure the land purchase transaction in a manner which will reduce the resultant taxes.
7. Portfolio Investments
In Israel there are tax exemptions on various types of investments.
We can halp you select the proper types of investments, which are tax exempt.
8. Employee non-taxable benefits
Payments (up to certain limits) by employers into various recognized and government approved management plans, for
the benefit of their employees, are not taxable to the employees, including the resulting interest
income, as long as they remain in such plans and meet the required criteria.
These payments, however, are a deductible expense to the employer.
We can help you set up and manage such plan.
The information contained in this page is based on information available to the authors at the time
of writing and may not be current at the time of reading.
The reader should seek individual professional advice before relying in any way on the information
on this page.
