Latest Updates

November 21, 2024

Israel Tax Authority Issues Executive Order allowing Double Purchase Tax Benefits for Certain Residential Buyers

The Israel Tax Authority (ITA) published a new directive a few days ago that updates the rules for persons classified as disabled, blind, or injured during Israel’s various wars, and families of fallen soldiers.

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November 21, 2024

Holding crypto? Your information is on its way to the Israel Tax Authority

Adv. Hanna Daher, a partner in the Tax Department, was interviewed by Globes following Israel's adoption of the OECD's CRS standard, under which countries will share information regarding cryptocurrency.

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November 20, 2024

Licensing and Supervision of Broker-Dealers: Key Points of the New Memorandum of Law

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November 20, 2024

Duns 100 Forum for Leading Legal Experts in Labor Law

Adv. Netta Bromberg was invited to join the Duns 100 panel of leading legal experts in labor law. The panel focused on key issues in the world of work, including the workforce crisis, labor disputes, and other challenges impacting the labor market and legal relations.

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November 13, 2024

Deadline for NPOs to file 2023 annual reports extended

Due to the Swords of Iron War and the state of emergency, the Registrar of Amutot and Endowments published a new directive extending the deadlines for NPOs to file their 2023 annual reports in order to enable them to obtain a Certificate of Proper Management for 2025.

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November 12, 2024

EU's New Guidance: Travel Rule to Combat Money Laundering in Crypto

After the Markets in Crypto-Assets Regulation (MiCA) entered into force in June 2024, a significant step took place last July with the publication of the European Banking Authority (EBA) final Travel Rule guidance.

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November 11, 2024

Curaçao’s regulatory reform in gaming licensing

Curaçao, renowned as one of the most popular jurisdictions in the online gaming industry, is launching a significant reform in its licensing and supervision of gaming companies. This reform is part of a broader legislative process

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November 7, 2024

Navigating Tax Challenges in Startups

In an article for B'Chadrei Charedim, Harel Perlmutter, Head of the Tax Department at our firm, highlights how strategic planning can help minimize costs and optimize financial outcomes.

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October 30, 2024

Why FemTech Could Be Entrepreneurs' Next Big Investment - An Op-Ed by Attorney Inbar Gorelick

The FemTech sector is experiencing significant growth in Israel, with over 100 active companies and a projected increase of billions of dollars in the global market over the coming years. In an op-ed for People and Computers, attorney Inbar Guralik, who specializes in representing companies in this field, explains the vast potential of FemTech and the need for greater recognition of the industry alongside fields like cyber and artificial intelligence.

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October 30, 2024

Amendment to Income Tax Rules on Employee Equity

On September 17, an amendment to the Income Tax Rules (Relief in Issuance of Shares to Employees) was officially published, approximately 20 years from the last amendment. The amendment will enter into force on January 1, 2025 and will mainly affect the processes of approving equity incentive plans and of reporting to the Israeli Tax Authority.

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October 27, 2024

Extension of Purchase Tax for Investors - Interview with Maya Carmi

The Ministry of Finance intends to extend the purchase tax for investors, currently set at 8%, as part of the Arrangements Law for 2025, which has led to strong opposition from contractors. Attorney Maya Carmi from our firm was interviewed by Yedioth Ahronoth and stated, among other things, that the purpose of freezing the tax rate is to disincentivize investors from purchasing apartments, thereby increasing the supply of available apartments and reducing prices, which would allow young couples and people from lower socio-economic backgrounds to buy homes.

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October 27, 2024

"Three Judgments a Week" by Globes: Representation in Appeal Regarding Tender Rejection

In the "Three Court Rulings a Week" section, the ruling in which the Supreme Court annulled a tender for public transportation services in the Golan was selected, due to a conflict of interest involving a lawyer who advised the tender committee while also providing legal counsel to the winning bidder. Adv. Eran Winner, representing Superbus, which was declared "second qualified" in the appeal to the Supreme Court, stated: "We are pleased that the Supreme Court emphasized the importance of maintaining the integrity of the tender process. However, we regret that it was not established as a precedent that the entire tender should be annulled; rather, only the winning bid was disqualified, and our company was declared the winners of the tender as 'second qualified.'"

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October 15, 2024

New Court Ruling Clarifies Legal Boundaries for Offering of Foreign Investments in Israel

The Tel Aviv District Court handed down an important ruling recently regulating the activities of entities distributing alternative investments in Israel. In many instances, the distribution activities are accompanied by conversations and correspondence with potential investors, which constitute investment advice, and this is where matters become complicated.

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October 14, 2024

Taxing of apartment purchases in buildings slated for demolition

The district court’s position in its recent ruling in the Ahuzat Allenby Ltd. case has significant implications for investors, developers and private individuals who purchase apartment buildings slated for demolition and are looking to change the zoning of the purchased properties.

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October 11, 2024

Summary of the Most Significant Legal Rulings in Real Estate for the Jewish Year

The Real Estate Center interviewed the leading legal experts in the real estate field, including Adv. Terry Almozlino-Arnon, head of our Real Estate Department, regarding the most significant rulings of the year in planning, construction, and urban renewal. Terry highlighted a Supreme Court ruling focused on contracts made with apparent intentions and the Court’s zero-tolerance stance towards such conduct.

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October 10, 2024

Tax innovations in Israel during 2024

Over the past year, alongside handling the economic repercussions of the war and issuing financial assistance to war victims and to evacuees, the courts, the legislative authority and the Israel Tax Authority continued their efforts in the legislative arena and issued several significant tax rulings. Following are the most important innovations relating to income tax, real estate tax and VAT.

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October 10, 2024

Retail Fintech 2024: Key Trends and Growth Insights

Venture capital investments in the retail fintech sector rebounded significantly during the second half of 2024, with investments reaching USD 4.5 billion. PitchBook’s latest report indicates that the market is identifying new opportunities in companies focusing on the retail sector and is introducing refreshing innovations in retail. The report presents several interesting insights and findings and provides an in-depth perspective on the retail fintech sector and its impact on the retail industry.

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October 9, 2024

Appeal Rejected – Coca-Cola Expected to Pay Hundreds of Millions of NIS to the State

Adv. Hanna Daher, a partner in our firm’s Tax Department, describes in an op-ed for N12 the precedent set by the court's ruling in the Coca-Cola case. Hanna notes that this decision could prompt Israeli companies to reassess their agreements and contractual arrangements with foreign entities.

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October 9, 2024

Understanding DORA: An Overview of the Digital Operational Resilience Act

The Digital Operational Resilience Act (DORA) is an EU regulatory framework, aimed at enhancing the financial sector’s ability to withstand and recover from ICT (information and communication technology) disruptions.

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September 30, 2024

Interview with Eyal Nachshon: When should you sue the airline in a class action?

Eyal Nachshon, an expert in class actions, was interviewed by Globes following the recent rise in motions to certify class action, mainly due to the escalation in the security situation. Among other things, Eyal noted: "Nowadays, people tend to rush to file lawsuits in order to be first in line, but it’s important to stop and consider whether this is the right legal tool for their specific case."

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