Israel

KPMG Israel Blog 

Welcome to the KPMG Israel Blog. We aim to bring you insights and opinion from our partners and industry experts.
KPMG Israel Blog

Tax increases enacted to help tackle deficit

In line with many other countries around the world, Israel’s Parliament, the Knesset, passed a this month aimed at narrowing the government deficit. Following on the heels of a tax hike at the beginning of this year, increases in personal tax rates, to take effect from January 1, 2013 were generally modest involving 1% increases to certain tax brackets while effectively leaving lower to medium income earners unaffected.

Encouraging the sale of investment properties

Anyone owning more than one residential property in Israel could not fail to have observed the drunken roller coaster of emergency legislation on that issue over the last 18 months. It all started with an initiative by the authorities to use tax incentives to bring more liquidity to the residential property market where there was an acute shortage of apartments for sale.

Government considers one-time tax super-benefit

The fog is starting to clear on an issue that has attracted a lot of media attention lately. Rumors were flying around for months that the Income Tax Authorities were about to grant, for a limited period only, enhanced tax benefits on income of companies already enjoying tax benefits.
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About this blog

The KPMG Israel Blog is an opportunity for our partners and industry experts to share insights and opinion with the wider business community. We will endeavor to discuss the pressing issues of relevance to investors in the Israeli economy in a timely, clear and precise manner. Our stated aim is to live up to the KPMG motto: “cutting through complexity”. We encourage you to e-mail us your comments and questions on any of the topics discussed.

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