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Results:11-20 of 40

Client Update A New Tax Reform in Israel
  • Herzog Fox & Neeman
  • Israel
  • January 4 2017

We would like to inform you that on December 22, 2016, the Israeli Parliament (the Knesset) approved a significant tax reform (the "New Law"). The New


Client Update Israel-Switzerland CRS Declaration
  • Herzog Fox & Neeman
  • Switzerland, Israel
  • December 1 2016

On November 27, 2016 Israel and Switzerland signed a joint declaration, which has not yet been publicized, according to which Israel and Switzerland


FATCA Reporting in Israel Begins
  • Herzog Fox & Neeman
  • Israel
  • October 5 2016

On September 12, 2016, the Israeli Supreme Court rejected a petition that was submitted against the implementation of the FATCA rules in Israel. The


A New Ruling Issued by the ITA Partially Confirms Foreign Tax Credit for Taxes Paid by US Grantor Trusts
  • Herzog Fox & Neeman
  • USA, Israel
  • September 21 2016

We are setting out below an important update regarding a new private ruling which was published on September 18, 2016, by the Israeli Tax Authority


Supreme Court Ruled against Recognition of Losses from Exchange Rate Depreciation
  • Herzog Fox & Neeman
  • Israel
  • September 18 2016

During the past few years, there has been a dispute between the Israeli Tax Authorities ("ITA") and the taxpayers regarding the recognition of losses


Classification of Income as "Passive Income" With Respect to Taxation of Controlling Shareholders of Controlled Foreign Corporations (CFC)
  • Herzog Fox & Neeman
  • Israel
  • September 4 2016

HFN's tax department has written an important update regarding proposed legislation in respect of the classification of income as a "Passive Income"


Government Intervention to Prevent the Cancellation of the Reporting Exemption Provided to New Immigrants
  • Herzog Fox & Neeman
  • OECD, Israel
  • August 29 2016

On August 8, 2016, the Ministry of Finance together with the Israel Tax Authority (the "ITA"), published a draft of the Budget Bill for the years


Taxation of Trusts
  • Herzog Fox & Neeman
  • Israel
  • August 21 2016

On the 17th of August, 2016, the Israel Tax Authority (the "ITA") published a circular (the "Circular") addressing the taxation of trusts in Israel


Classification of Foreign Companies as Residents of Israel for Tax Purposes
  • Herzog Fox & Neeman
  • Israel
  • August 18 2016

This is an important update regarding proposed legislation that would classify foreign companies as residents of Israel for tax purposes. Background


Decision of the Tax Authorities to extend the date for the Temporary Voluntary Disclosure Procedure in Israel until December 31, 2016
  • Herzog Fox & Neeman
  • Israel
  • June 16 2016

Further to our circulars of September 6, and September 24, 2015, we would like to inform you that the Head of the Israeli Tax Authority, Mr. Moshe