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Insights & News / Tax
August 4, 2021
Tax Facts on Renting Out Apartments in Israel and Abroad – Podcast with Firm Partner Harel Perlmutter on Calcalist Website
Are you renting out an apartment? It is important to be aware of the existing rental income tax tracks, if there is a difference between the taxation of short-term rental apartments and long-term rental apartments, and the rules on renting out apartments abroad.
Adv. Harel Perlmutter, partner and head of our firm's Tax Department, addresses all these questions in a comprehensive podcast on the taxation of renting out apartments in Israel and abroad.
July 1, 2021
Options to Buy Shares in a Company – Important Things to Know
Offering options to buy a company’s shares has become a legitimate benefit even for companies not in the high-tech field.
As experts in the field, we were interviewed by Globes on what it means to receive options in a company.
June 7, 2021
G7 Countries to Impose Global Minimum Corporate Tax Rate
Last weekend, the leaders of the G7 countries signed an agreement to impose a uniform global corporate tax rate of 15%.
Harel Perlmutter, partner and head of our Tax Department, was interviewed by Calcalist about the decision and its impact on Israel.
April 12, 2021
Will Raising the US Corporate Tax Rate Affect Israeli Companies?
The planned corporate tax rate hike in the United States has Israeli investors worried about further developments and the impact on Israeli companies. As an expert in the taxation field, Harel Perlmutter was interviewed by Bizportal on the issue and its implications.
December 9, 2020
Harel Perlmutter Op-Ed: Recognize Childcare Expenses for Tax Purposes
Harel Perlmutter, the head of our Tax Department, has published an op-ed in Globes on the importance of recognizing childcare expenses for tax purposes, particularly now during the coronavirus period.
August 5, 2020
Barnea Representing Original Shareholders the Topaz Family in Sale of Holdings in Keystone Group
About a year and a half after the investment fund Accelmed, which is managed by Uri Geiger, announced the merger of the company it controls, American Keystone Group, with the Israeli Paltop company, controlled by Shmuel Topaz, it is now acquiring the entire holdings in Paltop for NIS 100 million. This ends the conflict between the investor groups of Paltop and Accelmed. We represented the Topaz family and the Paltop investors.
July 20, 2020
Returning Residents: Welcome Back to Israel?
Each year, many returning residents arrive in Israel. Following the COVID-19 outbreak, the number of people seeking to return to Israel has increased even further. The process of returning to Israel is not simple, and returning residents face enormous difficulties as part of it. A Ynet article on the subject featured an interview with Harel Perlmutter, a partner and the head of the firm’s Tax Department. Harel explained: “Those who return to Israel after less than six years abroad have almost no tax benefits.” He added that “there is a great confusion about the rights and benefits returning residents are eligible to from the National Insurance Institute. Over the years, the benefits for returning returns have been cut back, and this has kept people away from the country.”
June 22, 2020
Barnea Represented Cyberx Shareholder in Microsoft Acquisition
We represented Inven Capital, a Czech-based VC fund and a shareholder in Cyberx Israel, an Israeli IoT ICS cybersecurity startup, in Cyberx's sale to Microsoft for USD 165 million. CyberX has gained tremendous customer growth, with a number of leading companies using its IoT security platform to protect their web facilities. Cyberx has raised about USD 48 million since its inception in 2013. This is Microsoft’s eighth acquisition in Israel in the last decade.
June 14, 2020
All the Tax Considerations Returning Residents Need to Know
Adv. Harel Perlmutter will lecture on a webinar held by Toshav Chozer NPO. The webinar is focused on the tax considerations returning residents to Israel should be familiar with. The decision to return to Israel, normally a very complicated one, has taken on new meaning with the impact of the coronavirus. Harel will discuss all tax rights.
May 20, 2020
Doing Business in Israel – Practical Law
This year, we were once again responsible for preparing the QA guide on doing business in Israel for the Practical Law website. The guide provides an overview of recent key developments that have affected doing business in Israel, including the legal system, foreign investment, employment, tax, competition, privacy, IP, etc.
April 26, 2020
Tax Advice on USD 20 Million Investment in CyberMDX
Our tax team advised the strategic partner Sham (Relyens Group), Europe’s largest insurance and risk management provider for healthcare, on the tax aspects of its USD 20 million investment in CyberMDX, an Israeli healthcare cybersecurity provider that delivers visibility, threat prevention, and operational efficiency for medical devices, IoT, and clinical networks.
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.
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.
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.
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.
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.
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.
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.
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.