Israeli tax reform in relation to "closely held companies"
By EsqSocial Corporation 02/04/25
At the end of 2024, the Knesset enacted significant legislative updates within the framework of the Arrangements Law that completely revamp how “closely held companies” are taxed in Israel. Section 76 of the Income Tax Ordinance defines a “closely held company” as a company controlled by a maximum of five unrelated people in which the public has no substantive interest (i.e. the company is not listed for trading on the TASE)....
By: Barnea Jaffa Lande & Co.