Israeli Tax Proposed Rules Influence New Immigrants

The Israeli Tax Authority is planning to abolish part of the tax benefits available to New Immigrants and Senior Returning Residents (Israelis who qualify for the same benefits as returning expatriates). The Israeli Tax Authority provides in a draft law (The 2016 Economic Arrangements Bill) that New Immigrants and Senior Returning Residents will have to report on their assets and income derived abroad. If the law comes into force, it will most likely apply to New Immigrants and Senior Returning Residents arriving in Israel from January 2016 and onwards. For more details, see: Israeli Tax Changes Influence New Immigrants

See also: 

Summary of tax benefits to new immigrants and returning residents 

Update on Israeli Tax Benefits for Returning Residents and New Immigrants

Dr. Avi Nov Law Offices, Israeli & international tax law