2018 Tax Alerts and Circulars - Israel
Following is a list of our latest Tax alerts & circulars in Hebrew.
Reports and payments to the tax authorities by January 30, 2018
Anticipated amendment to the provisions of section 3(i1) of the Ordinance – expected to apply only to individual substantial shareholder
Tax calculation related totals and updates for tax year 2018
Amendment to the Ordinance: The provisions of section 3(i1) of – apply only to individual substantial shareholder, House property companies
Interest rate amendment according to section 3(i) & 3(j) of the Income Tax Ordinance -2018
The Israel Tax Authority has published three circulars on various subjects
Taking a contradicting position- VAT and customs, 2017 update
ITA instructions related to withholding tax from payments transferred abroad
ITA's circular regarding taxation of decentralized methods of payment (cryptocurrencies)
Withholding tax at source from payments for assets and services in 2018
- 21.2017 - update
Accrued balances in central severance pay fund - Update and extend validity
Postponement of the due date to submit withholding tax from wages and non-wages online reports
Full Deduction of issuance expenses on a stock exchange in Israel in the year in which the issue took place
ICO-Issuance of digital utility tokens for the provision of services and / or products under development
Amendments -tax legislation
Postponement of the final due date to submission of the annual income tax report for individuals and companies for the tax year 2017
Filing Individual's tax return for tax year 2017
Israel tax circulars on tax arrangements for Venture Capital Funds and Private Equity Funds
Notice until 31 May 2018 - The Application of Benefits of Choosing a Preferred Enterprise
A declaration of certain payments to a foreign resident, without deducting tax at source and without having to obtain the approval of the tax assessor
A real estate lessor should not be charged with interest income that is allegedly embodied in lease fees that were capitalized In order to determine the value of the sale for which the tax was paid
Imputation of benefit value in respect of team building activities – Tax authorities provision
Annual Notice of Technology Preferred Enterprise - New Form no. 973 of Israel Tax Authority
The manner of recognition of financial expenses which were incurred due to a loan taken for the purpose of shares' purchase, against dividend income and capital gain which derived from these shares.
U.S. Supreme Court issues Wayfair decision. Physical presence sales/use tax nexus standard overruled.
Reporting for capital gain from securities until July 31, 2018.
Section 94B (profits available for distribution) applicable with respect to sale of shares of a foreign subsidiary
Transfer pricing ITA's circulars: The appropriate transfer pricing method for marketing, sales and distribution activities of an Israeli member of an MNE and the appropriate margins for certain Intercompany transactions.
BEPS Update – Israel's ratification of the MLI
Benefits for Preferred Technological Enterprise- Publication of an ordinance regarding the deduction of income transferred to another
Taxation of companies which are under the control of five persons at most
Law to reduce the use of cash
Amendments to the tax reports following the court's rulings in "Kontera" and "Finisar"
Selling the corporation rights which includes considerations that will be transferred to the seller in the future
Obtaining Approvals of Indirect Exporting
Dividend income which was not subject to corporate income tax (CIT), will not be exempt from CIT
The Israeli Tax Authority has published a list of its 2018 positions. Taking a contradicting position must therefore be reported