Recent Changes in the Israeli Tax Law – Double Taxation Agreement effective in 2017

There are again some changes and new developments in the Israeli tax law in the fight against tax evasion. Thus, the Israeli Money Laundering Law has been changed in April 2016 and certain tax offences are treated as predicate offences under the Money Laundering Law. As a direct response to this amendment, the Israeli Tax Authority (ITA) has extended the Temporary Voluntary Disclosure of 2014 again until 31 December 2016. In the area of the global exchange of information, Israel has signed in May 2016 the Multilateral Competent Authority Agreement (MCAA). Finally, the new double tax treaty for the avoidance of double taxation between Germany and Israel, signed in August 2014, will be effective as of January 1, 2017.

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