|
Home  Professional Updates Income Tax in Israel
Income Tax in Israel
The Israeli tax year extends from January to December.
Income tax returns are made annually, by April 30th of the year following the tax year for individuals and by May 31st of the year following the tax year for companies.
Corporate tax in Israel rates at 29% (2008 – 27%, 2009 – 26%, 2010 – 25%). Dividends are taxed at 25% of the balance and account for the overall tax rate on distributed profits to 46.75% (2008 - 45.25%, 2009 – 44.5%, 2010 – 43.75%).
Benefited enterprises are entitled to reduced tax rates according to project location and the foreign investor's share in the company.
In the framework of current tax payments, an advance is paid in proportion to turnover. The percentage is determined according to the type of activity of the business or on the basis of the estimated profit for the same year.
Sources: Israeli Ministry of Finance – Department of Capital Market, Insurance and Savings, Income & Property Tax Commission
Print the Article
|
|
Send to friend
|
|
|
You are currently in: