Tax Services
The firm’s tax department is managed by Alfred Alfia, CPA (Isr.), former deputy assessment officer of the Tel Aviv region and head of the training department of tax supervisors in Jerusalem. The staff of the department consists of accountants and tax experts with extensive experience in handling complex tax issues and accompanying transactions and investments.
The firm renders comprehensive consulting services in all areas of taxation: income tax, value added tax, property betterment tax, National Insurance Institute, and incentive laws. The firm maintains a close relationship with the tax authorities and represents its clients on ongoing tax matters, deliberations, appeals and obtaining special approvals.
The firm has vast experience and the required capabilities for optimization of tax planning on behalf of organizations and companies. The tax services include: tax planning for local and international operations, real estate business taxation, individual taxation, partnerships, corporations, family companies, mergers, spin-offs and structural changes, interest, royalties, dividends and capital gains. The services rendered by the firm address all aspects of the transaction: taxation, accounting, financial, and economic.
The tax services provided by the department include:
  • Accompaniment of transactions and investment activity.
  • Accompaniment of agreements, contracts and special projects in various stages of planning through consummation, including participation in negotiations in advance of a final agreement.
  • Tax planning and structural changes – planning of holding and investment structures, mergers, spin-offs, transfers of assets between companies, reorganizations, utilization of tax losses, reporting methods, benefits, incentive laws, etc.
  • Consulting on the manner in which financing is to be provided – tax considerations in determining financing options (share capital, capital notes, shareholder loans, bank financing, etc.), VAT considerations, and feasibility considerations in obtaining loans.
  • Real estate transactions – betterment tax, purchase tax, sales tax, apartment rental taxes, combination transactions, land unions, exemptions.
  • Payroll and remuneration of employees – payroll taxes, taxes on employee remuneration, surplus non-deductible expenses, social benefits, managers insurance, and continuing education funds.
  • Expert opinions – rendering opinions on tax issues, including for legal proceedings, obtaining pre-rulings from the tax authorities.
  • Tax returns – preparation and examination of individual and corporate tax returns, optimal utilization of tax benefits, handling complex refunds, etc.
  • Bookkeeping records – setting up an accounting system in accordance with the regulations dealing with proper accounting records, examination and preparation in advance of tax audits.