Client updates / VAT

Supreme Court: Service to Foreign Residents May Be Subject to Full VAT

24 March 2024 / Hanna Daher, Alon Davidovich

The Supreme Court noted that, by its nature, the essence of a brokerage transaction is joining two parties into one transaction. Therefore, treating the transaction as providing a service to each party separately—a foreign resident and an Israeli resident—does not reflect the true economic essence of the service.

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Categories: Tax

Israel Tax Authority Reliefs in Light of Coronavirus Pandemic

25 March 2020 / Harel Perlmutter

In light of the coronavirus pandemic affecting the economic market, the Israel Tax Authority has published several reliefs for taxpayers.

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Categories: Private Clients | Tax

New Amendment to the Sales Law – A Developer May Not Deposit a Value Added Tax (VAT) Guarantee

10 April 2017 / Barnea

The Knesset passed a new amendment (Amendment 9) to the Sales Law (Apartments), whereby developers who build apartments for sale are permitted not to deposit sureties for the VAT component of the transaction, thus decreasing the sum deposited by them.

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Categories: Real Estate

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Client updates / VAT