What is a SAFE agreement and what are its tax implications? Simple investment agreement SAFE simple agreement for future equity. The primary purpose of a SAFE (Simple Agreement for Future Equity) is to provide investors with a future right to equity in a company while giving the company immediate investment funds. This agreement helps mitigate […]
Request for tax relief from the HMRC (Her Majesty’s Revenue and Customs) – reducing tax deduction at source and tax refund in England The tax treaty between the UK and Israel dictates the tax payment or tax deduction at source for income related to both countries. For example, the tax deduction at source for royalties
Request form for non-deduction of tax at source in the UK Read More »
Considering relocation abroad? Unsure about leaving Israel? New legislation will attempt to prevent you from doing so. Now more than ever, many Israelis are considering undergoing the process of moving to work overseas. Due to the complexity of the process, it is important to carry it out with close and professional guidance in the correct
Proposal to amend the Income Tax Ordinance – Change in the definition of a resident Read More »
Classification of the grant of options as employment income and the date of tax payment – options granted to a controlling shareholder/option granted to service providers. When a company grants options to employees, the prevailing preference for both companies and startups as well as for employees is to apply the capital gains track under Section
Options for controlling shareholders and for self-employed Read More »
Exemption from tax on a property received as an inheritance from abroad – approval for step up in income tax | Israeli resident | tax on capital gains. Inheriting a property raises questions related to Israeli taxation, international taxation, and money laundering. Sometimes these questions arise from a desire to sell the property and sometimes
Exemption from tax on a property received as an inheritance from abroad Read More »
What is a “green track”? A ‘Green Track’ is a streamlined process whose primary goal is to shorten procedures with the tax authority in certain areas. This process is designed to establish predefined frameworks and criteria, allowing the tax authority to make a taxation decision based on the declarations and commitments of the applicants, through
As a rule, everyone wants their options to fall under the 25% capital gains tax track stipulated in Section 102 of the Ordinance. Everyone also hopes that Section 102 will apply to the options granted to them, given the deferral of the tax event until the shares are sold or received from the trustee. However,
Employee Options – Limitations and Solutions for Applying Section 102 Read More »
