In many countries in Europe, including Portugal, Greece, and Spain, there is a visa known as the “golden visa” which allows foreign residents with capital to invest and purchase real estate in these countries, thus establishing their status in the country even without permanent residency. In the Spanish program, residents from outside the European Union […]
Cancellation of the golden visa in various European countries Read More »
Exemption from tax in the UK on income from outside the UK (Non-Dom) will be canceled starting from the tax year 2025 The Non-Dom status in the UK, which has long provided tax exemptions for wealthy foreigners on their income from outside the UK borders (England, Wales, Scotland, and Northern Ireland), is set to be
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Transferring money abroad: The bank’s requirement regarding withholding tax from money transfers abroad and the general rule regarding withholding tax at the source. When requesting a bank to execute a transfer of foreign currency abroad, in many cases the banks require us to obtain approval from the Tax Authority regarding the payment transfer or to
Transferring money from Israel abroad Read More »
Taxation and tax planning for trusts Trusts are a legal relationship created by an agreement whereby an asset owner (the settlor) transfers assets he owns to another person (the trustee), with the intention that the latter manages them for the benefit of a third party (the beneficiary). Until Amendment 132, which essentially created the field
Taxation of Trusts Read More »
Many companies, especially in the technology and startup sectors, choose incentive plans for their employees. The most well-known and common means of incentivizing company employees is by granting options convertible into company stock. In recent years, companies seeking to incentivize their employees have begun to utilize another tool that has become increasingly common over time
Taxation of RSUs – Restricted Stock Units Read More »
Regarding the taxation of income from solar panels The electricity sector is responsible for about 70% of greenhouse gas emissions. Recently, awareness of the tremendous damage to the ecological system caused by electricity production has increased. This awareness has led to the creation of solutions to reduce environmental damage, among them the shift to renewable
Taxation of Income from Solar Panels Read More »
Tax Laws in Israel – Taxation and Benefits for Foreign Athletes In Israel, tax laws impose a tax on all income produced and/or accrued in Israel, regardless of the identity of the income recipient. This is effectively a comprehensive provision that extends to various regulations in the general law and in the regulations enacted under
Taxation and tax benefits for foreign athletes in Israel Read More »
Salary constitutes the main source of income for individuals, and like all income, work earnings are subject to various types of taxes: income tax, payroll taxes, and consumption taxes such as VAT – which form a large portion of the tax revenues in many countries. The combination of these taxes creates the tax burden on
Tax Burden in OECD Countries Read More »
