Client updates / Profit Test

The Profit Test for Dividend Distribution – Israeli Supreme Court Ruling

18 July 2023 / Rahaf Awawdi

In a precedential ruling, the Supreme Court stated that the profit test for dividend distribution only includes an examination of the financial statements from the last two years. According to the ruling, there is no room to take into account information regarding an expected loss that has not yet appeared in the reports.

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Client updates / Profit Test