Articles by 0 October, 2021

The Minister of Finance, Avigdor Lieberman, announced that he had instructed his ministry to formulate a bill to repeal the levy on the employment of foreign workers in the economy. According to Lieberman, the bill will be submitted immediately after the budget is approved - as early as 2021. The current law requires every employer of a foreign worker to set aside 15% of the worker's salary. The purpose of this duty was to reduce the incentives for employing foreign workers. Lieberman now intends to reverse the trend, on the grounds of lowering the cost of living. "Taxation on the...

The financial event in Abu Dhabi was attended by members of the Beyond Business business delegation of Bank Hapoalim and the Export Institute, in which leading Israeli businessmen alongside government officials and senior businessmen from the United Arab Emirates. Among the topics discussed in the forum were what are the best ways for Israeli businessmen to seek and make an investment in Abu Dhabi, the benefits of investing in a venture in the union and an overview of the main highlights and future opportunities for trading and investing in financial services

Citizens paid NIS 3.6 billion that they did not have to pay to the tax authorities in the years 2013-2019. This is according to the State Comptroller's report published on Tuesday. The report also states that the Tax Authority did not act to correct the many deficiencies found in the previous report regarding the exercise of public rights in the tax field. The tax they deserve, so they did not use it and paid the state treasury more tax than the law obliges them, and moreover: the tax authority does not have the details of the bank accounts of half a million Israelis at all, who may very...

The Jerusalem Municipality has approved three business complexes in East Jerusalem. The municipality, through the local planning and construction committee, this week approved the plan to build the business complex in Wadi Jouz, which was developed in a joint initiative with the Jerusalem and Heritage Ministry. In addition, the plan for the development of an employment area in the a-Tour neighborhood was approved for deposit, and the plan for the establishment of an employment and commercial complex in the Umm Tuba neighborhood was approved. In the Wadi Jouz neighborhood, a plan for the...

The number of corona patients in a serious condition continues to decline and on Wednesday evening their number is 343. For comparison, exactly one month ago the number of critically ill patients was 708. This is a decrease of more than 50%. Of the severe patients - 155 are connected to respirators. Data from the Ministry of Health show that 256 of the critically ill patients are not vaccinated at all, 23 are vaccinated without validity - that is, half a year or more has passed since they received the second vaccine dose and 54 are defined as vaccinated. For some critically ill patients,...

The Knesset's Economics Committee has approved the food chapter in the import reform, which will shorten the import processes of sensitive food and is supposed to increase competition. According to estimates by the Ministry of Finance, the reform will save consumers about NIS 3 billion a year. This is a chapter from the import reform that the government sought to approve within the framework of the Arrangements Law. The purpose of the reform is to adjust the regulation on imports in Israel to the European one, thus increasing competition and lowering prices. The food chapter is intended to...

The Ministry of Environmental Protection's Environmental Impact Index for 2019, published for the ninth year, provides the rating of the environmental impact of companies and enterprises that are publicly and government-owned. The index provides the public with comparative and simple information on the performance and environmental risks of public companies with large environmental impact and the factories they own. The index examines in depth the environmental risk of 49 public companies, 124 large industrial plants and about 700 gas stations, and its methodology is based on the...

The Prime Minister, the Minister of Finance and the Minister of Innovation agreed on a basket of benefits for the advancement of the Israeli high-tech industry. The government will promote three legislative amendments designed to strengthen and promote Israeli high-tech as a key engine of growth in the economy. The Ministry of Finance has issued a memorandum of law for public comments that includes three legislative amendments: 1. "Angel Law": granting a tax credit to an investor in a start-up company. This is first and foremost in order to encourage first-round investments ("pre seed"...

The Knesset's Finance Committee approved the law to reduce gender gaps in the labor market and raise the retirement age for women. Under the bill, the retirement age for women from age 62 to age 65 will be raised, over 11 years. The committee has approved a number of tools to make it easier for women to integrate into the labor market or reduce harm. The total cost will amount to about NIS 1 billion. The following are the various measures set forth in the law that will enter into force in January 2022 and were approved by the committee and the Knesset members who dealt with the issue, in...