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19 December 2016

Israel approves new innovation box regime and reduces tax rates from January 1, 2017

The Israeli Parliament's Finance Committee approved law amendments on December 15, that introduce an innovation box regime for intellectual property (IP) based companies, enhance tax incentives for certain industrial companies, and reduce the standard corporate tax rate and certain withholding rates starting 2017. Companies should carefully review the new legislation and examine its benefits to their existing or potential investments in Israel.

A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-2162

Document ID: 2016-2162

 

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