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Israel Tax News

Proposal on gradual reduction of tax rates

27 July 2008
Treaty between Israel and Belgium: Israeli District Court decides domestic anti-avoidance rules may deny treaty benefits

8 February 2008
Treaty between Portugal and Israel ratified

8 February 2008
District Court ruling on dividend stripping

16 January 2008
Treaty between Israel and Portugal signed and details

2 July 2007
Transfer pricing regulations approved

17 December 2006
Treaty between Luxembourg and Israel covers Luxembourg SICAVs and SICAFs and Israeli collective investment vehicles

12 November 2006
Treaty between Luxembourg and Israel enters into force

14 October 2006
Treaty between Luxembourg and Israel ratified

9 April 2006
Changes to income tax system

19 February 2006
The Singapore Ministry of Finance has announced that following the completion of ratification formalities, the new income tax treaty between Singapore and Israel, signed on 19 May 2005, will enter into force as of 6 December 2005. The new treaty generally applies from 1 January 2006. From this date, the new treaty generally replaces the Singapore-Isreal income tax treaty of 27 September 1971.

1 January 2006
The first-time income and capital tax treaty, signed on 13 December 2004, between Luxembourg and Israel was presented to the Luxembourg parliament for approval on 7 October 2005. Once the treaty has entered into force, it will generally apply retroactively from 1 January 2004. The treaty was concluded in the French, Hebrew and English language, each text having equal authenticity, and generally follows the OECDE Model Convention.

9 November 2005
The first-time income tax treaty and protocol between Brazil and Israel, signed on 12 December 2002, entered into force on 16 September 2005.

16 October 2005
The Knesset has approved a reduction of tax corporate income tax from 34% to 25% by 2010.

3 August 2005
A new income tax treaty and protocol between Singapore and Israel was signed on 19 May 2005

11 July 2005
Brazil and Israel signed a first-time income tax treaty and protocol on 12 December 2002.

11 July 2005
Israel and Singapore signed a new tax treaty on 19 May 2005. Once in force, it will replace the Singapore-Israel income tax treaty of 27 September 1971.

9 June 2005
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