Taxes

Will the NIS 200 banknote be canceled?

Tax Authority: "We need to cancel all the 200s." Bank of Israel: "No professional basis justifying the cancellation of any given banknote has been presented to the Governor."

NIS 200 banknotes.
Israeli shekel banknotes in a wallet.

Money waiting for you? The year-end tax guide for employees and self-employed

IDF soldiers operating in southern Lebanon.

Reservists lose municipal-tax discounts after wartime protection expires, petition says

 Illustrative image of doing taxes.

Your Taxes: The 2026 aliyah tax opportunity is closing - here's what you need to know


Treasury to allocate NIS 40 million to institutions affected by war via two tracks

The Accountant General's initiative joins the Israel Tax Authority's program to compensate protection-racket victims and the decision to subsidize fuel prices by hundreds of millions of shekels.

Gali Baharav-Miara.

Your Taxes: Technological versus marketing income

Tech companies typically raise funds for both R&D and marketing campaigns, but will they be penalized for marketing? What is tech, and what is marketing?

“For many diaspora Jews, an apartment in Israel has become both an investment and a source of security and belonging.”

Finance Ministry aims to cut record high gas prices by 50 agorot, needs attorney-general's approval

Finance Minister Bezalel Smotrich intends to introduce the additional reduction, which, if approved and completed, is expected to bring the price of a liter of gasoline down to about NIS 7.77.

A worker fills benzene, at a gas station in Jerusalem before petrol prices rise at midnight on 31 January 2011.

Your Taxes: Returning to court with new information after tax rulings ruled to be bad faith

In the case of Henry Schwarzbaum Vs. Rehovot Assessing Officer, a court ruled that going to court may be wrong, and going back to court with additional evidence may be bad faith. What’s going on?

 Income Tax and Property Tax Department at the Finance Ministry

Your Taxes: Israeli property flip ends with a costly VAT lesson

A recent Israeli court ruling offers a costly lesson for property investors: recovering VAT when buying a property can create a much larger VAT bill when plans change.

 Illustrative image of doing taxes.

Your Taxes: Mulling a return to Israel? Here's what you need to know

Israelis living abroad are starting to return to their homeland. Here is a review of some Israeli tax aspects that partly depend on how long they resided abroad.

New immigrants from North America arrive on a special " Aliyah Flight" on behalf of Nefesh B'Nefesh organization, at Ben Gurion airport in central Israel on August 14, 2019.

'Taxes will need to be raised': Bank of Israel Governor's bad news following rate cut

Bank of Israel Governor warns taxes must rise after rate cut; market reacts with gains on Tel Aviv Stock Exchange while business sector backs decision.

Amir Yaron, Governor of the Bank of Israel.

Your Taxes: Does Israel need to tax billionaires?

In practice, taxation is cat and mouse. New rules result in new tax planning techniques. It is unclear whether family members would each have a $100 million threshold.

 Income Tax and Property Tax Department at the Finance Ministry

Your Taxes: Don’t mix up the red and green channels at Ben-Gurion Airport

Two smugglers who smuggled goods through Ben-Gurion Airport received heavy fines, a suspended sentence, and a criminal record after they appealed an administrative fine.

Passengers at Ben Gurion Airport.

‘My form of Zionism’: Jerusalem nonprofit helps new olim build businesses in Israel

MATI Jerusalem gives new immigrants the guidance, tools, and confidence they need to launch successful businesses and keep them growing.

Eli Bentata​, chair of the MATI Jerusalem Board, opens the organization’s new office in Jerusalem.