Monday, January 19, 2009

Israel Tax Rates 2009

From 1.1.2009 the new corporate tax rate in Israel is 26%, compared to 27% in 2008. The top marginal income tax rate for individuals is 46%, compared to 47% in 2008.
There are also new 6 tax brackets for individuals of 10%, 15%, 23%, 30%, 34% and 46%.
V.A.T rate for 2009 remains the same as in 2008, 15.5%.
In 2009 industries and hotels can deduct 50% accelerated deprection for assets bought between 1.6.2008 to 31.5.2009.
The scope of tax grants (negative income tax )covers in 2009 certain low earning employees and self employed.
There are also new tax benefits to newcomers and returning residents to Israel.

(Source :www.worldwide-tax.com)

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