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יום שני, 18 בינואר 2016

Israeli Tax Update - Kontera

 The Tel Aviv District Court ruled recently in the tax case law of Kontera Technologies Ltd on the application of employee stock option in cost plus agreements. This issue is relevant for Israeli research and development companies that service foreign related companies on a cost plus basis. In the Kontera case, the judge, Magen Altuviah, ordered that expenses incurred by an Israeli subsidiary of a US parent in relation with an employee stock option plan should be included in the cost basis in calculating the cost plus payment despite the fact that such expenses are disallowed as tax deductions for Israeli tax purposes. The court accepted the position of the Israeli Tax Authority in this case, which resulted in a significant increase in the taxable income of the Israeli R&D subsidiary. For more information, see - Israeli Tax Update: the Kontera Case
For other tax cases, see: Israel Case Law 
Dr. Avi Nov Law Offices, Israeli & international tax law 

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