Henriette Fuchs of Yaron-Eldar Paller Schwartz & Co reports on initiatives taken by the Israeli government regarding the taxation of digital services and the trading of digital assets.
Henriette Fuchs of Yaron-Eldar Paller Schwartz & Co highlights increasing challenges in relation to intergroup intangible asset transactions in light of recent and progressing case law.
The stake of foreign investment in the Israeli high-tech industry reached 77% of total capital raised in 2018, and 30 new venture funds were born in 2018, raising a record $2.6 billion compared to ‘only’ $1.6 billion in 2017.
Israel's Finance Ministry and tax authority announced in the last week of April that they intend to introduce a digital sales tax (DST) that may reap some $280 million for the treasury. The tax authorities will be working on a tax on the local sales turnover of foreign digital companies in Israel.
With spending on research and development (R&D) and venture capital investment as a percentage of GDP among the highest in the world, Israel has entered 2019 as a leading technology country.
