Client Update | New Notice of the Israel Tax Authority Regarding Stock Based Compensation: Amendment of Tax Returns following the Supreme Court Ruling in the Kontera and Finisar Cases

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Client Update | New Notice of the Israel Tax Authority Regarding Stock Based Compensation: Amendment of Tax Returns following the Supreme Court Ruling in the Kontera and Finisar Cases

On December 16, 2018, the Israel Tax Authority (the “ITA”) published a notice that companies remunerated under the Transaction Net Margin Method, on a cost-plus basis, that did not include stock based compensation charges (“SBC”) in their cost-base must file amended tax returns.

Click here for the full update.