Ela Levy-Weinrib

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Treasury can expect tax bonanza from Wiz sale

Jul 15, 2024 | globes.co.il | Ela Levy-Weinrib

How much will the Israel Tax Authority take from the reported sum of $23 billion that Alphabet (parent company of Google) will pay for Israeli cloud security startup Wiz? The lowest estimate is $2.5 billion, while the highest is $3.5 billion. The tax liability in Israel arising from the acquisition falls on the Israeli shareholders in Wiz. Each of Wiz’s founders - Assaf Rappaport, Yinon Costica, Ami Luttwak and Roy Reznik - is believed to hold 10% of the shares in the company.
Tax Authority launches invoice certification program

May 5, 2024 | en.globes.co.il | Ela Levy-Weinrib

This morning, after several delays because of the Swords of Iron war, the Israel Tax Anthony’s computerized scheme for combatting the phenomenon of fictitious invoices came into effect. The Tax Authority will operate a digital control system for transactions, in real time, through the allocation of approval numbers for invoices when they are issued.
Tax Authority on trail of tax evading landlords

Apr 2, 2024 | en.globes.co.il | Ela Levy-Weinrib

Israel Tax Authority director Shay Aharonovich is moving up a gear in the battle against tax evasion in real estate. The Authority is in the process of obtaining lists from the Land Registry (Tabu) of tens of thousands of people who own properties in Israel, in order to cross check the data with its own information and locate those who rent out properties without declaring the income.
Tax Authority targets Israelis' ties with Cyprus

Mar 18, 2024 | en.globes.co.il | Ela Levy-Weinrib

Against the background of the increasing attractiveness of Cyprus as a relocation and investment destination for Israelis, the Israel Tax Authority recently launched an operation to identify assets, income, and companies of Israelis on the neighboring island on which the Tax Authority believes tax should be paid in Israel.
"Everybody cries"

Jan 15, 2024 | en.globes.co.il | Isaac Herzog |Debra Messing |Ela Levy-Weinrib |Nevo Trabelsy

What people in Tel Aviv are saying - a visitor's take Trillion dollar woman Jerry Seinfeld, Michael Rapaport, Ivanka Trump - just some of the celebs and influencers who have visited Israel since October 7. "Globes" talks to the people behind the visits. Kebe Dunn, wife of actor-comedian Michael Rapaport, hadn’t seen her husband cry in a decade. But in December, during his visit to Israel, the floodgates opened.
The rear admiral at the advocacy front

Oct 24, 2023 | en.globes.co.il | Ela Levy-Weinrib

A few hours after the brutal attack on Israel's southern settlements by terrorist organization Hamas, Rear Admiral Daniel Hagari, head of the IDF Spokesperson's Unit, appeared on our television screens. He was the first Israeli official to explain to a shocked public what was happening, and where Israel was headed.
Easy tax reporting on the way for very small businesses

May 11, 2023 | en.globes.co.il | Eran Yaacov |Ela Levy-Weinrib

"We expect that, following the ‘exempt business’ reform, people running sidelines in addition to their day jobs, which generates a great deal of self-employment, who up to now often avoided reporting their income to the Tax Authority for fear of the hassle, having to deal with the Authority, and having to pay tax professionals, will start to report.
Tax Authority chasing 4,000 landlords with unreported rent

Apr 9, 2023 | en.globes.co.il | Eran Yaacov |Ela Levy-Weinrib

Eran Yaacov credit: Eyal Izhar Shekel sharply weaker after security escalation Tel Aviv light rail launch postponed again The Israel Tax Authority is trying to introduce a general reporting requirement even for rental income below the exemption threshold. For years, the Israel Tax Authority has tried unsuccessfully to abolish the tax exemption on rental income under NIS 5,470 monthly.
Is the Netanyahu brand waning?

Apr 1, 2023 | en.globes.co.il | Benjamin Netanyahu |Ela Levy-Weinrib

When Prime Minister Benjamin Netanyahu stepped onto the podium last Monday evening and announced a delay in the legislation embodying the reform of Israel’s judicial system, he looked pale, tired, and worn down.
Treasury seeks to tax new immigrants' crypto profits

Feb 14, 2023 | en.globes.co.il | Ela Levy-Weinrib

The draft Economic Arrangements Bill for 2023-2024 contains a provision that could affect taxation of new immigrants to Israel and returning residents on cryptocurrency profits.