- Israeli law imposes additional tax on financial institutions
- 6 percent surcharge on institutions holding assets equivalent to at least 5 percent of all Israeli banks’ total assets
- Wage and profit tax rate for bank profits increases from 17 percent to 23 percent
- Effective until December 31, 2025
- Exempts banks with limited operations from adjustments
- Law enforced starting April 1
Source: globalvatcompliance.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
