| Economy, taxation and financial processes control in Eastern Europe and the Commonwealth of Independent StatesSometimes, Israeli companies that operate in CIS and Eastern European countries through local companies and branches, find it difficult to maintain proper financial control in these companies, whether due to the lack of sufficient knowledge in local regulation and taxation laws or due to language problems and not knowing ... |
| Israel decided to encourage foreign investors and from the beginning of the year a number of changes were made in the Income Tax Ordinance for the benefit of foreign residents. Amongst the main benefits one can find: a tax exemption on dividends that a company receives from foreign companies in which it invested and an exemption from capital gains tax from the sale of shares in those companies. In this way, the company may move ... |
| The positive economic atmosphere in the market is also felt in the large number of new businesses opening in Israel. Each day, many new businesses are opened, most of them small and medium sized. More than once this relates to young people who have finished their world tour and now are full of energy and attack the market with a view to conquering it. Our office feels the reawakening of the economy and mentioned that recently there has been a sharp increase ... |
| According to the law, prior to the reform, the basis for debiting tax in Israel was mainly territorial. According to this method of taxation, income tax is imposed on income which was produced or accrued in Israel, whether produced by an Israeli resident or by a foreign resident. Income tax was imposed on income which was first received in Israel (also if produced or accrued abroad). The basis of the charge for "first receiving" income in Israel was ... |
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