Client updates / tax benefits

Israeli High-Tech: “Angels Law” Grants Tax Benefits to Investors

16 August 2023 / Hanna Daher, Alon Davidovich

Israel’s new “Angels Law” grants tax benefits to investors in Israeli startups, and in the Israeli high-tech industry in general, with the goal of spurring the growth of high-tech companies based in Israel or whose intellectual property is registered in Israel.

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Categories: High Tech | Start Ups | Tax

Israeli High Court Ruling: Knesset Finance Committee Limited in Authority to Approve Tax Benefits for NPOs

31 August 2021 / Sagi Gross, Barnea

The Israeli High Court of Justice ruled recently that section 46 of the Income Tax Ordinance does not authorize the Knesset Finance Committee to exercise broad discretion in recognizing NPOs and in fact the Committee’s approval is limited solely to that related to its supervisory role.

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Categories: NPO

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Client updates / tax benefits