Israel News

Israel Confirms Virtual Currency Is 'Property'

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, February 21, 2018

The Israeli tax authority has decided that virtual currencies, such as Bitcoin, should be treated as a form of "property," rather than as foreign currency. Read Full Story

US Agrees To Exchange CbC Reports With Spain

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 28, 2017

In a recent update, the Internal Revenue Service has announced that it has agreed a bilateral competent authority agreement with authorities in Spain to exchange country-by-country reports. Read Full Story

OECD Inviting Input On BEPS Action 14 Peer Reviews

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, November 28, 2017

The OECD is seeking taxpayers' input on the mutual agreement procedure frameworks in place in the fourth batch of countries that will now be peer reviewed under the base erosion and profit shifting project: Australia, Ireland, Israel, Japan, Malta, Mexico, New Zealand, and Portugal. Read Full Story

US Trade Commission Recommends Tariffs On Korean Washers

by Mike Godfrey, Tax-News.com, Washington

Tuesday, November 28, 2017

The US International Trade Commission has unanimously recommended tariffs of up to 50 percent on large washers imported from Korea. Read Full Story

Canada, Israel Sign Customs Deal

by Mike Godfrey, Tax-news.com, Washington

Tuesday, August 1, 2017

Canada and Israel have reached a Mutual Recognition Arrangement regarding their respective Trusted Trader programs. Read Full Story

Mexican, Israeli Customs Authorities Sign Cooperation Deal

by Mike Godfrey, Tax-News.com, Washington

Monday, May 22, 2017

Mexico and Israel have signed an agreement for their customs authorities to collaborate on tax and trade issues. Read Full Story

Israel's Cabinet Approves Family Tax Breaks

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, May 5, 2017

Israel's Cabinet has approved a rise in tax credits for working families in a move that is expected to add thousands of shekels a year to post-tax incomes. Read Full Story

IMF Discusses Israeli Real Property Tax Reform Agenda

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, March 29, 2017

The International Monetary Fund has commented on Israel's recent reforms to property tax measures, which were intended to cool the property market. Read Full Story

Taiwan Explains VAT Refunds For Foreign Exhibitors

by Mary Swire, Tax-News.com, Hong Kong

Monday, March 20, 2017

Taiwan's national tax authority has released guidance on VAT refunds for foreign exhibitors, following a number of questions received from overseas firms. Read Full Story