Client updates / Trusts

Applicability of Payment Services and Initiation of Payment Law in Trust Frameworks

25 December 2024 / Barnea

The Israel Securities Authority recently published a legal staff position aimed at clarifying the applicability of the Payment Services and Payment Initiation Regulation Law to activities conducted within trust/escrow accounts. The position outlines interpretative tools to differentiate between payment services that require licensing, and activities exempt from such requirements. Normative Framework The Payment Services Regulation […]

See full article >

Categories: Capital Markets Regulation | Regulation

Draft Bill: Increasing Transparency in Israeli Tax Law

1 April 2024 / Hanna Daher, Alon Davidovich

The purpose of the draft bill is to increase transparency in the Israeli tax system in order to avoid a negative assessment of the State of Israel by the Global Forum for Transparency and Exchange of Information, as well as to increase efforts to combat unreported capital.

See full article >

Categories: International Taxation | Tax

Dramatic Decision on the Taxation of Trusts in Israel

31 July 2019 / Harel Perlmutter

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.

See full article >

Categories: Private Clients | Real Estate | Real Estate Taxation | Tax

Search by Practice

Client updates / Trusts