Working Pensioners in Israel: How to Choose the Right Tax Exemption Strategy One of our key areas of expertise is pension taxation in Israel. We help clients who have reached retirement age arrange their pension tax exemptions, a process known as kibua zchuyot. A detailed explanation of this procedure is available in a video on
Effective January 1, 2026, Amendment 272 to Israel’s Tax Ordinance, commonly referred to as the Milchan Law, will come into force. The amendment introduces a significant change: repatriates who immigrate to Israel after January 1, 2026 will continue to enjoy an exemption from paying taxes on foreign income, yet they will be obligated to report and declare all foreign income and assets.
Tax Credit Points – Nekudot Zikui: Are You Using All Your Tax Benefits in Israel? Tax Credit Points: Are You Using All Your Tax Benefits?If you live and work in Israel, it’s important to know how to legally reduce your tax burden through tax credit points (נקודות זיכוי / nekudot zikuy). This mechanism is one
Made an early pension withdrawal – paid the tax. But can you get at least part of it back? We hear this question more and more often. Under current Israeli law, early withdrawal of pension savings known as tagmulim (the portion that actually forms your pension) is taxed at a flat rate of 35%. This
Tax Benefits for Pensioners in Israel on Income from Securities The taxation of pensioners is a highly specific area of tax law. Once individuals reach retirement age, the rules change: certain tax benefits become available that are not granted to working-age taxpayers. The first important milestone is age 60. From this point on, passive income