In cases of divorce, numerous tax-related issues arise during the separation, such as: When can the tax files of both spouses be separated? What is the implication of a tax debt incurred while the couple was together but is demanded by the tax authority after the separation? What is the significance of a capital declaration […]
Read About Lawsuits Against Employers or Compensation for Sexual Harassment – and Tax Aspects As a general rule, any legal victory in a business context or within the scope of employment relationships constitutes taxable income. The basic rule states that “the nature of compensation is the same as the income it replaces.” This means that
Invalidation of books is a highly significant legal procedure. As part of this process, the tax assessor determines that the accounting records of a business taxpayer are not acceptable in the eyes of the Income Tax Authority. This procedure carries very serious economic implications and can be dangerous for the business and its owners. Why
Everyone knows there is an obligation to report to the Land Taxation Authority and pay Capital Gains Tax (Mas Shevach) when selling an apartment. However, not everyone is aware that it is often possible to save a significant amount on the tax payment. Checking the possibility of spreading the Capital Gains Tax is the most
Sanction for Tax Deficiency – Deficiency Penalty Filing a low tax return with the tax authority can lead to a sanction that makes the attempt to save on taxes not worthwhile, emphasizing the importance of legitimate tax planning. Section 191 of the Income Tax Ordinance grants the tax assessor the authority to impose a penalty
Continuation in the Exchange of Options – Aspects of Employee Options in Structural Changes Many companies, especially early-stage companies (often startups, but not necessarily), grant stock options to their employees. The options mechanism is primarily intended to retain employees in the company and incentivize them to ensure the company’s success, as the company’s success is
BEPS Base Erosion and Profit Shifting (BEPS) are tax planning tactics used by multinational corporations to “shift” profits from high-tax jurisdictions to low-tax jurisdictions, thus “eroding” the “tax base” of the higher-tax jurisdictions. BEPS methods are defined by the Organisation for Economic Co-operation and Development (OECD) as “the exploitation of gaps and mismatches in tax
