Taxation

An amendment to the Income Tax Ordinance expanding the ability of real estate investment funds to hold real estate under construction and receive ancillary income from it.

A bill to impose a minimum tax on multinational groups in Israel, in accordance with OECD rules.

A bill to add income tax credits for combat reservists according to their days of service in the previous tax year.

The law sets that when buying an apartment for a child who has been orphaned of one parent, the existing family unit between the parent and the child will be excluded (as a "married child" was excluded), so that such a purchase will be taxed at the rates set for a single apartment.

The law states that starting in 2024, parents of children aged 6-18 will be entitled to one additional credit point for each child of those ages.

The law extends the application of the temporary provision regarding the real estate taxation benefit for TAMA 38 projects and regarding the VAT benefit for developers in such projects until October 1, 2022.

The law extends the period of the temporary provision granting one additional credit point to each parent for their children who were at least six years old but had not yet turned thirteen in 2022.

A bill to set a zero rate of value added tax on textbooks and learning materials approved for use in education.

A proposal to increase the tax credit for donations to public institutions and funds in national priority areas from 35% to 50% of the donation amount.

A proposal to add an income tax credit point for parents of soldiers in regular service, with each parent receiving a credit for each child serving.

A bill to add tax benefits for those in communities under security threat in the West Bank, according to the threat level set by Central Command.

A bill to add tax benefits for communities under security threat in Judea and Samaria based on a security threat rating.

An amendment to the Income Tax Ordinance expanding the ability of real estate investment funds to hold real estate under construction and receive ancillary income from it.

An income tax exemption for active reservists from October 2023 until the end of the special situation declaration.

A bill to impose a minimum tax on multinational groups in Israel, in accordance with OECD rules.

A bill to add tax benefits for communities under security threat in Judea and Samaria based on a security threat rating.

A bill to deny tax benefits to nonprofits and educational institutions that encourage evasion of security service.

A bill to add income tax credits for combat reservists according to their days of service in the previous tax year.

A bill to add an income tax credit point for Israeli residents who served active reserve duty for at least 100 days a year.

A proposal to change the taxation of venture capital funds listed on the stock exchange, so that they will be taxed like exempt mutual funds and not like companies.

The bill allows a deduction of 80% of light refreshment expenses for work meetings also outside the place of business, up to a limit of 4% of turnover and up to NIS 12,000 a year.

An amendment to the Income Tax Ordinance allowing parents to deduct childcare expenses for young children from their taxable income, on condition of business activity or employment.

The bill changes the definition of the purchase value of a residential apartment, in order to deny reduced purchase tax on construction agreements signed as a condition for receiving the property.

The bill changes the definition of 'residential apartment' for purchase tax so that it includes a real estate right for which the buyer committed to sign a construction agreement.

A proposal to expand the powers of accountants and tax advisers to represent taxpayers in general proceedings under the Real Estate Taxation Law.

A proposal to establish a special track in a study fund for farmers who observe the Shmita (sabbatical year), allowing funds to be deposited with benefits.

A proposal to add an income tax credit point for an Israeli resident who served at least 100 days of active reserve duty in a year.

A proposal to reduce the VAT rate to zero for two years on transactions of businesses in the Tkuma and confrontation line areas.

The law extends the application of the temporary provision regarding the real estate taxation benefit for TAMA 38 projects and regarding the VAT benefit for developers in such projects until October 1, 2022.