Israeli Tax on Trusts

Following a major reform to Israeli tax law, a trust with a foreign settlor may be taxable in Israel if one of the beneficiaries is an Israeli tax resident. A new law passed by the Israeli parliament introduced the notions of Foreign Residents’ Trust and Israeli Resident Beneficiary Trust. These two will be discusses here. 

See more here: Israeli Tax on Trusts with a Foreign Settlor

See also:

Changes in Israeli Taxation of Trusts

Israeli Tax Incentives to Olim: New Rules Proposed
Dr. Avi Nov Law Offices, Israeli & international tax law 
 

Israel Malta Tax Treaty

The Israel Malta Tax Treaty became effective in Israel on January 1 2014. The full name of the treaty is – "The Convention between the Government of Malta and the Government of the State of Israel for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income".
See also: Israel Tax Treaties with Malta and Panama

Dr. Avi Nov, Adv.

Tax Settlement in Israel for Trusts

The Israeli Tax Authority published recently new guidelines offering special transitional arrangement to certain trusts that had previously been exempt from Israeli tax and became subject to tax from 1 January 2014. Trustees who wish to apply for the tax arrangement and pay limited tax to resolve the Israeli tax position of a trust must do so by 31 December 2014.

For more details, see: Israeli Tax Settlement for Trusts

See also: New Israeli Tax Regime for Trusts.

See also:

Changes in Israeli Taxation of Trusts

The Israeli 2013 Economic Arrangements Bill

Israeli new Tax Rules Proposed – Part I 

Israel Tax Highlights - 2014

Israel Tax Highlights - 2014

The New Israeli Tax Regime for Trusts

New Israeli Tax Regime for Trusts

Olim and Senior Returning Residents- Israel Tax Update

The Israeli parliament approved a broad tax reform that will have an effect on the tax benefits granted to Senior Returning Residents (Toshav Hozer Vatik) and new immigrants (New Olim). These changes were implemented in Israeli tax law by the Law for the Change of National Priorities (Legislative Amendments for Achieving Budget Objectives for the Years 2013 and 2014). See - Immigration to Israel: Tax Update

See also:

The Israeli 2013 Economic Arrangements Bill

Israeli Tax Incentives to Olim: New Rules Proposed
Israeli Taxation of New Immigrants: Proposed Changes

A Guide to tax breaks to new immigrants and returning residents (in Hebrew)

 

New law - Israeli Taxation of Trusts

New Israeli tax law proposes to tax any trust with an Israeli resident beneficiary. Such trust is called: Israeli Resident Beneficiary Trust. In addition, various changes are proposed in the new legislation to the Foreign Resident Settlor Trust. See:

Changes in Israeli Taxation of Trusts