Shibolet’s Tax Practice handles all areas of tax law – civil, criminal, income tax, real estate tax, VAT, and international taxation – and has amassed extensive experience and professional expertise covering the full spectrum of taxation issues. The practice’s activities include consulting on and guiding various transactions, ongoing tax consultancy, representation and litigation vis-à-vis various tax authorities, and tax litigation and representation in court proceedings regarding disputes with the authorities on taxation matters.
Our attorneys are in regular contact with departments within the relevant regulatory and tax authorities, both in Israel and overseas, and specialize in conducting proceedings in relation to such authorities, tax assessments, preliminary taxation decisions, voluntary disclosure procedures, and trust arrangements. We capably respond to decisions issued by the Israel Tax Authority on a range of issues, including the regulation of venture capital funds, structural changes to the capital market, eligibility certifications under the Encouragement of Capital Investments Law, withholding tax settlements, and taxation of employee stock options. The practice holds vast experience in tax litigation, including representing clients on complex tax issues before all levels of the judiciary.
The practice also specializes in consulting on and handling the field of indirect taxation, such as VAT, customs duties, input tax, and so forth. We are constantly working alongside the relevant authorities, providing opinions on these issues, and facilitating the optimal planning of indirect taxation. The Tax Practice acts in parallel with Shibolet’s commercial practices to provide creative, high-quality solutions to the many tax-related challenges faced by our clients. Our attorneys regularly provide advice to companies and individuals, legal opinions in all areas of taxation, representation before tax authorities, and guidance for complex transactions, while also devising creative solutions for optimal tax structures. In the real estate field, we supply comprehensive real estate transaction services to companies and individuals, in cooperation with the firm’s Real Estate Practice.
Our clients include companies and private individuals, Israeli and overseas residents, new immigrants and returning residents, and both private and public companies across all industries, including hi-tech, real estate, manufacturing, NGOs, commerce and services, international investment funds, and hedge funds. In all cases, we emphasize the provision of first-class professional service to every client, as we maintain close ongoing contact with them and devote personal attention to all their legal needs.
‘In addition to dominance in all traditional fields of taxation, the firm has a deep knowledge of developing areas of taxation, such as cryptocurrencies and ICOs.’.– Legal 500 EMEA
TAX SETTLEMENTS FOR FOREIGN TRUSTS
The Tax Practice is highly experienced and knowledgeable regarding managing tax settlements for foreign trusts. We accompany our clients throughout every stage of the process, from explaining and advising on all aspects, to the conclusion of favorable assessment settlements with the tax authorities. It should be noted that Shibolet’s Tax Practice has represented the largest trusts in Israel in settlement proceedings before the tax authorities.
NEW IMMIGRANTS & RETURNING RESIDENTS
The practice supports and advises non-residents, new immigrants, and returning residents on various taxation aspects related to residency issues, including obtaining taxation decisions regarding the question of compliance with and eligibility for tax benefits and relief through Amendment 168 to the Income Tax Ordinance. We have also handled many favorable assessment agreements for returning residents who were in dispute with the tax authorities regarding their residency status.