Israel Income Tax Rate, capital gain tax, Corporate Tax 2017 - 2018Israel Income Tax Rates  for 2017-2018. Individual Tax Rates, Resident, Non Resident, Capital Gain Tax and Corporate / Companies taxes.

 

 

Israel Individual Income Tax Rate for 2017-2018

Monthly Income (NIS) Annual Income (NIS) Tax Rate
0 to 6,220 0 to 74,640 10%
6,221 to 8,920 74,641 to 107,040 14%
8,921 to 14,320 107,041 to 171,840 20%
14,321 to 19,900 171,841 to 238,800 31%
19,901 to 41,410 238,801 to 496,920 35%
41,411 to 53,333 496,921 to 640,000 47%
Over 53,333 Over 640,000 50%

 

Tax Credits

All Israeli residents are entitled to 2 credit points (reduction of NIS 430 per month from the tax liability), as well as 0.25 additional points for a working man and 0.75 points for a working woman, which are not taxed.

Working Olim are entitled to additional points on top of that, for a period of three and a half years following their Aliyah. This benefit may be extended whilst carrying out compulsory army service and whilst studying at university or college. Apply for this benefit by filling out the relevant sections of form 101 (filled out upon start of employment and at the beginning of every year through your employer):

 

Income Tax on Non Residents in Israel

Non Residents are taxed for the Israeli sourced income only. Income includes:

- Employment Income

- Business Income

- Passive Income from Bank Deposits and Savings

 

Income Tax Return Filing in Israel

A single filer can file the return singly and the married couple can file it jointly or as opted

 

Tax on Interest

- 25% - 32% is the tax rate on Interest

 

Tax Rate on Dividends

- 25% - 32% is the tax rate on Dividends

 

Capital Gain Tax in Israel

- 25% - 32 % tax is the Tax rate on Capital Gain

 

 

 

Corporate Income Tax Rate in Israel for 2017-2018

- 24% is the tax rate from 1 January 2017

- 23% is the tax rate from 1 January 2018

 

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