Israeli Draft Law - Tax on Digital Services

The Israeli Tax Authority hops to amend the VAT Law in such a way that would require nonresident suppliers of digital services to register and account for value added tax in Israel. So far, a draft bill has been submitted by the Israeli Tax Authority that signals the next development in taxation and that will obviously have a dramatic effect on the activities of various big companies such as Google, Facebook and Amazon.

For more details, see: Israeli Tax on Digital Services: Draft Law

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

Dr. Avi Nov, Adv.

 

Israeli Tax Law on Residency

The Israeli Supreme Court ruled recently that an Israeli who resides abroad can be considered for Israeli tax purposes as a person whose center of life is not in Israel, even if his family lives in Israel (Kfar Saba Assessing Officer vs Michael Sapir, Civil Appeal
4862/13). 
See more details here: Israel new Case Law on Tax Residency

See also:

Israeli Tax Residence Separately From the Wife - The
Sapir Case in the Tel Aviv District Court

Israeli Resident for Tax Purposes: The AK case

Dr. Avi Nov, Adv.

Israeli Petroleum Taxation

The The Israeli Petroleum Profit Taxation Regulations (Advance Payments in respect to the Levy for the Year 2013), (Temporary Order), 5773-2013 (hereinafter - The Israeli Petroleum Profit Taxation Regulations) came into force.

Tax breaks for multinational firms

 See article -
Tax breaks for multinational firms
Israeli companies that benefit from the Encouragement of Capital Investments Law would receive reductions of 40% to 70% on corporate taxes on so-called restricted profits