Tax
Value Added Tax (VAT)
Herzog Fox & Neeman's Value-Added Tax Department affords its clients extensive knowledge and experience in all aspects of VAT.
VAT issues are liable to significantly complicate transactions involving foreign residents with regard to the nature of payments and the tax implications of non-profit organisations and financial institutions.
In this regard, the firm advises its clients, which include foreign residents, foreign companies, local industry, financial institutions, and Real-Estate entrepreneurs, in the planning and execution of their transactions.
The department is led by experts in the field of VAT, with vast experience in advising venture capital, private investment funds, and holding companies. The department also works closely with Real Estate experts to provide ongoing advice on all aspects of VAT.
The VAT department oversees the following:
- Deduction of input VAT, reporting of deals, classification of deal liability for VAT
- Advising the client in filing an objection to an assessment and court appeal
- Advising financial institutions and non-profit organisations
VAT aspects of Real Estate transactions - Rate of VAT for foreign residents
- VAT aspects applicable to international organisations including those in the digital economy
- VAT on imported services and intangible assets
Value Added Tax (VAT) News & Insights
New proposed legislation – foreign companies that provide digital services to an Israeli resident shall be liable to Israel vat
New proposed legislation – Israel vat law for foreign digital services
Dear Clients, Colleagues and Friends, Yesterday, the Israel Tax Authority (“ITA”) published circular 1/2021 (the “Circular”) addressing the ITA’s views
Recharge Payments relating to International Stock-Based Compensation
Dear Colleagues and Clients, For several years now, an ongoing debate around the taxation of carried interest received by investment
More Interest on the Taxation of Carried Interest
Dear clients and friends, In light of the situation of the businesses in Israel and in order to assist the
The VAT authorities’ postpones the date for submission of the monthly VAT return and the payment of the applicable VAT
Dear Clients and Colleagues, The Israeli Tax Authority (ITA) published lists of mandatory reportable tax positions for the 2020 tax
ITA published a new mandatory reportable tax position for import taxes: value of software imported with goods
Dear colleagues and clients, Regulation 15A of the Value Added Tax Regulations, 1976 (the “VAT Regulations”) stipulates that input VAT
Input VAT incurred in the provision of “meals” do not constitute “employee benefits”
We want to thank you all for tackling the challenges of 2020 with us and hope that in 2021 we
Have a Happy and Healthy New Year 2021
Dear Clients, Colleagues and Friends, Last week (1.11.2020), Judge Orit Weinstein of the Haifa District Court rendered its decision in
Dramatic Change in the Taxation of Share Redemptions – a New Israeli District Court Ruling
We are proud to take part in writing the Israeli Tax Law chapter for the prestigious The Legal 500 (Legalease) guide. The
We are proud to take part in writing the Israeli Tax Law chapter for the prestigious The Legal 500 (Legalease) guide.
Dear Clients, Colleagues and Friends, The Income Tax Regulations (Rules for Calculation of Tax in connection with the Holding and
Proposed Amendments to Petroleum Partnership Regulations
Dear Clients, Colleagues and Friends, The OECD published yesterday two reports on the blueprint for Pillar One (Pillar 1 Blueprint)
The OECD’s Pillar One and Pillar Two Blueprint Released
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Chairman
Corporate Tax, Employee Tax Benefits, Gaming, Indirect Taxes, Customs & International Trade, International Tax Planning, Internet & E-commerce, Investment Funds & Private Equity, Private Clients, Trusts & Estates, Tax, Tax Controversy – Disputes & Litigation, Transfer Pricing, Value Added Tax (VAT)
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