In a new episode of Aliyah Money Talks I am joined by Eliyahu Freed to discuss all things Israeli tax reporting. Eliyahu is a CPA and principal at Intertax Group which focuses on Israeli and international tax compliance. Scroll down for a full list of topics covered.

Learn more and get in touch with Eliyahu, here.

Main topics discussed

1:50 – Explain what the “Aliyah Tax Holiday” is and who it applies to
8:15 – Once the 10 year holiday ends, what income needs to start being reported?
14:11 – Touch a bit on issues that arise with foreign Trusts.
18:40 – If one has a very small amount of foreign income do they still need to report it in Israel?
21:20 – Someone with no obligation to file taxes, when might they still want to file a החזרי מס (tofes 135)?
24:30 – Working for a US company in Israel with a student visa?
26:50 – At what point does someone become an Israeli tax resident?
30:25 – When might a child be required to report taxes in Israel?
32:15 – How passive income is taxed for a married couple
35:40 – Understanding when portfolio income is required to be reported
39:10 – Reporting income when investments are held within an LLC