Income Tax Ordinance Amendment (Deduction of Issuance Expenses) Bill
Translated from Hebrew: הצעת חוק לתיקון פקודת מס הכנסה (ניכוי הוצאות הנפקה)
TL;DRA proposal to expand the right to deduct the issuance expenses of shares and participation units on the stock exchange in Israel, not only for industrial companies.
Translated from Hebrew
What does the bill do?
The proposal amends the Law for the Encouragement of Industry (Taxes) so that issuance expenses in connection with shares or participation units listed for trading on the stock exchange in Israel can be deducted in the year of issuance, without being limited to industrial companies only. The change applies to issuances from Tevet 5783 (January 2023) onward. The proposal aims to encourage companies to list their shares on the stock exchange in Israel by easing the fiscal burden related to the issuance.
The votes on this bill
Coalition 64 seats
Left the coalition 8 seats
Opposition 48 seats
Tap an MK for detailsChanged position between readingsOnly MKs who held a seat on the day of the vote are shown