An Israeli Tax reminder regarding new immigrant (to Israel):
Further to the recent events in the world, and especially the great increase in anti-Semitism in Europe, the main question regarding immigration ("Oleh") and Senior Returning Resident status (a "Senior Returning Resident" – is an Israeli citizen who has lived abroad for at least 10 years) is at issue again.For your convenience, the main tax benefits for new immigrants and returning residents are as follows:
- 10 years exemption from tax on foreign sourced income (e.g. capital gains, dividends, interest, rent etc.).
- 10 years exemption from declaring foreign sourced income which is exempted (as described in section A above).
For more details please follow the link below: