Taxation in Israel

Israel's tax lawtaxtaxation system
Taxation in Israel include income tax, capital gains tax, value-added tax and land appreciation tax.wikipedia
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Trajtenberg Committee

committeeTrachtenberg Committee
Following Israel’s social justice protests in July 2011, Prime Minister Benjamin Netanyahu created the Trajtenberg Committee to hold discussions and make recommendations to the government's socio-economic cabinet, headed by Finance Minister Yuval Steinitz.
In December 2011 the Knesset approved a series of amendments to Israel's tax law.

Yerida

Israeli diasporaabroadexpatriate Israelis
The law was introduced in order to persuade many Israelis, who had made yerida (left the state of Israel) to return.
(see: Taxation in Israel).

Bituah Leumi

National Insurance InstituteInstitute for National Insurancenational insurance
Current rates of national insurance for employees, including health insurance and Bituah Leumi contributions (as of September 2013, in NIS)

Income tax

income taxesincometaxes
Taxation in Israel include income tax, capital gains tax, value-added tax and land appreciation tax.

Capital gains tax

capital gainscapital gains taxesCapital gain tax
Taxation in Israel include income tax, capital gains tax, value-added tax and land appreciation tax.

Value-added tax

VATvalue added taxGoods and Services Tax
Taxation in Israel include income tax, capital gains tax, value-added tax and land appreciation tax.

Property tax

property taxespropertymillage
Taxation in Israel include income tax, capital gains tax, value-added tax and land appreciation tax.

Israel

State of IsraelIsraeliISR
The primary law on income taxes in Israel is codified in the Income Tax Ordinance.

Aliyah

immigratedimmigrantsolim
There are also special tax incentives for new immigrants to encourage aliyah.

2011 Israeli social justice protests

social justice protests2011 housing protests in Israel2011 Israeli housing protests
Following Israel’s social justice protests in July 2011, Prime Minister Benjamin Netanyahu created the Trajtenberg Committee to hold discussions and make recommendations to the government's socio-economic cabinet, headed by Finance Minister Yuval Steinitz.

Prime Minister of Israel

Prime MinisterIsraeli Prime MinisterPrime Ministers
Following Israel’s social justice protests in July 2011, Prime Minister Benjamin Netanyahu created the Trajtenberg Committee to hold discussions and make recommendations to the government's socio-economic cabinet, headed by Finance Minister Yuval Steinitz.

Benjamin Netanyahu

Binyamin NetanyahuNetanyahuBenyamin Netanyahu
Following Israel’s social justice protests in July 2011, Prime Minister Benjamin Netanyahu created the Trajtenberg Committee to hold discussions and make recommendations to the government's socio-economic cabinet, headed by Finance Minister Yuval Steinitz.

Ministry of Finance (Israel)

Minister of FinanceMinistry of FinanceFinance Minister
Following Israel’s social justice protests in July 2011, Prime Minister Benjamin Netanyahu created the Trajtenberg Committee to hold discussions and make recommendations to the government's socio-economic cabinet, headed by Finance Minister Yuval Steinitz.

Yuval Steinitz

Following Israel’s social justice protests in July 2011, Prime Minister Benjamin Netanyahu created the Trajtenberg Committee to hold discussions and make recommendations to the government's socio-economic cabinet, headed by Finance Minister Yuval Steinitz.

Knesset

MKIsraeli parliamentIsraeli Knesset
During December 2011 the Knesset reviewed these recommendations and approved a series of amendments to Israel's tax law.

Google

Google Inc.Google, Inc.Google LLC
Multinational companies that provide services to Israel through the Internet, such as Google and Facebook, must pay the VAT tax rate.

Facebook

Facebook LiveFacebook.comFacebook, Inc.
Multinational companies that provide services to Israel through the Internet, such as Google and Facebook, must pay the VAT tax rate.

Israeli new shekel

NISshekels
Current rates of national insurance for employees, including health insurance and Bituah Leumi contributions (as of September 2013, in NIS)

Dividend

dividendsstock dividendcash dividend
This covers all income, active or passive, such as interest, dividends, pensions, royalties and rental of assets.

Royalty payment

royaltiesroyaltyroyalty payments
This covers all income, active or passive, such as interest, dividends, pensions, royalties and rental of assets.

Pension

pensionssuperannuationretirement plan
This covers all income, active or passive, such as interest, dividends, pensions, royalties and rental of assets.

Interest

simple interestrate of interestinterest rates
New Immigrants are entitled to exemption from paying tax on interest on foreign currency deposits for 20 years, so long as the source of those deposits is capital they possessed prior to their immigration, and which was deposited in an Israeli banking institution.

Immigration

immigrantimmigrantsimmigrated
New Immigrants are entitled to exemption from paying tax on interest on foreign currency deposits for 20 years, so long as the source of those deposits is capital they possessed prior to their immigration, and which was deposited in an Israeli banking institution.

List of countries by tax rates

state taxTax rates around the worldlocal taxation

African immigration to Israel

Illegal immigration from Africa to Israelillegal immigrantsAfrican labor workers
The deducted money is deposited in a fund along with an employer paid tax of 16 per cent.