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Tax Benefits for industrial enterprises in Israel

The Israeli Law for the Encouragement of Capital Investments (1959) entitles enterprises, which meet given criteria, to several tax benefits, including: reduced rates of corporate tax for a determinable period of time, reduced rates of tax on dividends distributed from the company's benefited income and accelerated depreciation.

 

Two major sources of benefits are offered: grants – for entitlement, the company must receive the approval of the Investments Center (Approved Enterprise) and tax benefits (Benefited Enterprise or Preferred Enterprise).


For more information regarding tax benefits under the Law for the Encouragement of Capital Investments (1959) check our
Corporate Tax in Israel article.