Israeli Accounting and Tax Frequently Asked Questions

Our office is located in Herzliya Pituach. We serve clients across Israel and internationally via video.

An introductory meeting may be held in person or by video to understand the relevant needs and discuss a possible engagement. The proposed scope, responsibilities and fees are explained before professional services begin.

Services may be provided in Hebrew or English, including meetings, correspondence and documents within the agreed engagement scope.

We prefer fixed-scope engagements. Fees are based on activity volume, complexity and required services. The proposed scope and fee structure are explained in advance and may change if the agreed work changes.

A startup may benefit from accounting and tax input before company formation, equity grants, financing or cross-border activity. Legal documents and elections should be addressed with qualified legal and tax advisers in the relevant jurisdictions.

The firm can assist with the Israeli accounting and tax analysis, preparation of information for a tax ruling request and coordination with the company’s Israeli and US advisers. The suitability and implementation of the structure depend on the company, its shareholders, planned activity and applicable law.

The timetable for entity registration and bank-account onboarding depends on the proposed structure, the documents, identification and KYC requirements, authority processing times and the bank’s review. The firm can assist with the relevant Israeli accounting and tax information within the agreed scope.

New immigrants and returning residents may be eligible for Israeli tax and reporting relief, depending on their status, dates, income, assets and the law in effect for the relevant period. Eligibility and filing requirements should be reviewed based on the individual circumstances.

Yes. The firm assists with Israeli accounting, tax and reporting matters involving digital assets. The scope depends on the type of activity, the available transaction records, the taxpayer’s circumstances and the applicable reporting requirements. Where relevant, the work may include organizing transaction information and preparing accounting and tax information for review by financial institutions, subject to each institution’s policies and final decision.

Israeli financial institutions may request information about the source and history of digital-asset funds. Within the agreed scope, the firm may assist with organizing accounting and tax information for the institution’s review, subject to its policies, procedures and final decision.

Sales, coin-to-coin swaps, DeFi activity, staking rewards, NFT transactions and purchases made with digital assets may have Israeli tax and reporting implications, depending on the facts and applicable law. Within the agreed scope, the firm may assist with organizing transaction data, reviewing the activity and preparing information for Israeli tax reporting.

Depending on the facts and the agreed scope, the firm may assist with the accounting and Israeli tax analysis, preparation of information for a tax-ruling request and coordination with legal or other advisers. Filing a request does not guarantee that the Israel Tax Authority will issue a ruling or accept a particular position.