Latest Updates

April 2, 2020

Israel Innovation Authority Updates for Companies and New Benefit Tracks

Due to the coronavirus pandemic, the Israel Innovation Authority (IIA) has issued a major easement for the companies it supports, in the manner in which payroll expenses for companies in the midst of carrying out approved plans will be recognized.

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April 1, 2020

Israel’s Tax Agency Criticized for Tepid Response to Coronavirus

Harel Perlmutter was interviewed by Tax Notes International following criticism that the reliefs the Israel Tax Authority issued for taxpayers in light of the coronavirus pandemic are insufficient.

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March 25, 2020

Israel Tax Authority Reliefs in Light of Coronavirus Pandemic

In light of the coronavirus pandemic affecting the economic market, the Israel Tax Authority has published several reliefs for taxpayers.

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March 5, 2020

Court Rules an Employee whose Shares in a Company Are Held by a 102 Trustee Has No Shareholder Rights in the Company

The Haifa District Court recently held, in a precedential decision, that an employee who received shares in a company held by a trustee in accordance with section 102 of the Income Tax Ordinance has no shareholder rights.

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January 29, 2020

Do You Hold Digital Currencies? Learn about Tax Regulation in Israel

Over 2000 (yes, 2000!) types of digital currencies exist today. If you are developing, mining, investing in, or using digital currencies, you should watch our video for some clarifications on the topic.

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January 7, 2020

Hosting the Florida-Israel Business Accelerator

Our firm hosted today a meetup of the Florida-Israel Business Accelerator. Yuval Lazi and Harel Perlmutter met with the participating startups and discussed the challenges and opportunities of working with the US.

January 2, 2020

Amending Protocol to Israel-UK Tax Treaty to Take Effect in Early January 2020

An amending protocol to the 1962 Israel-UK tax treaty is effective as of January 1, 2020.The protocol includes a long list of significant and fundamental amendments and updates.

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January 1, 2020

Israel-Serbia Double Taxation Treaty to Take Effect in January 2020

The treaty for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income between the government of Israel and the government of the Republic of Serbia is expected to take effect on January 1, 2020.

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December 31, 2019

Israel-Australia Double Taxation Treaty Enters into Force on January 1, 2020

The Minister of Finance signed in December 2019 the order bringing the double taxation treaty into effect on January 1, 2020.

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December 12, 2019

Meetup for Women in Ecommerce

We hosted today a meetup for female entrepreneurs in the ecommerce field. Harel Perlmutter and Anat Even-Chen lectured to the participants on the taxation and regulatory issues that could affect them.

November 27, 2019

The End of Sanction-Free Voluntary Disclosure

The sanction-free voluntary disclosure procedure will come to a close at the end of 2019. Provided the Israel Tax Authority and the State Attorney’s Office decide not to extend this procedure, this may be the last opportunity to declare and report true income, and accordingly pay true taxes, without the disclosure being subject to criminal sanctions.

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October 2, 2019

World Tax 2020 Edition

We are proud to be ranked by International Tax Review for the 2020 edition of World Tax in the general corporate tax and private clients categories.

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July 31, 2019

Dramatic Decision on the Taxation of Trusts in Israel

The Tel Aviv District Court handed down a decision a few days ago rejecting the Israel Tax Authority’s (ITA) position on the conveyance of real estate properties to trusts. This decision dramatically changes the taxation of trusts in Israel.

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July 28, 2019

Precedential Ruling on Taxation of Real Estate Conveyance to Trusts

Adv. Harel Perlmutter was interviewed by TheMarker following a precedential ruling by the Tel Aviv District Court, which determined that the conveyance of Israeli real estate to a trust is not a tax event. Harel noted that the ruling opens up many interesting ways to plan and manage intergenerational transfers of wealth and real estate, without tax being a negative factor and affecting the process.

Article from The Marker

Article from Globes

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July 17, 2019

Precedential Court Ruling on Option Plans for Employees

A precedential judgment was handed down on option plans for employees in respect of section 102 of the Income Tax Ordinance. The court ruled that when a tax assessor is notified of the allocation of options in accordance with section 102 and fails to respond within 90 days, the plan is approved and the assessor cannot later claim that this is not so, except in very exceptional cases.

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July 14, 2019

Barnea Represented Bridgepoint in the Acquisition of Qualitest

Our firm represented the private equity group Bridgepoint in the acquisition of control in the Israeli software testing company Qualitest from Marlin Equity Partners for approx. USD 420 million.

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April 23, 2019

Bar Refaeli to Pay Taxes on Millions Earned Abroad

Following the ruling that Bar Refaeli must pay NIS 16 million in income tax, Adv. Harel Perlmutter, the head of our tax team, was interviewed by a popular radio program on 103FM. The Central District Court in Lod rejected yesterday the supermodel's appeal, which was filed following an Israel Tax Authority order that she pay taxes in Israel on millions of dollars in income earned abroad. Refaeli claimed that during the relevant years she spent only six months in Israel, and as a foreign resident, she did not owe any money to the tax authorities. Harel Perlmutter explained the definition of a country of residence, as the trial revolved around the question of whether Refaeli was domiciled in Israel in 2009 and 2010. He also clarified the difference between the civil case and pending criminal charges.

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April 16, 2019

Israel and Australia Signed a Double Tax Treaty

A double taxation treaty was signed between Israel and Australia in the end of March 2019, after years of prolonged negotiations, expectations, and wonder about the obstacles.

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January 8, 2019

Hosting Participants of the EdStart Program

We hosted today participants of AWS EdStart, an educational technology (EdTech) startup accelerator. A number of partners from our firm spoke at the seminar, discussing topics such as founders' agreements, intellectual property, and the tax issues of startups.

December 25, 2018

A Lecture: Tax 101 for Startups

Adv. Harel Perlmutter lectured today at Ben-Gurion University on startup taxation. The lecture was part of a course for MBA students in the Faculty of Management.

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