The guidebook "Pension Taxation and Provident Funds"
The guide 'Pension Taxation and Provident Funds' is the leading publication in its field in Israel today, containing approximately 700 pages that meticulously detail the legal provisions, interpretations, and various rulings in the field of pension taxation. An update to the guide was released in 2013 and includes, among other things, explanations and practical implications arising from Amendment 190 to the Income Tax Law.
The guide was authored and edited by the partners of the CPA firm: Kobi Ittah (formerly head of the provident funds department at the Israel Tax Authority), Kobi Shtainmetz (CPA, attorney at law, M.A.), and Reem Aminoach (CPA, M.B.A.). Over 1,000 copies were sold to all major insurance companies and insurance agencies, most banks in Israel, and large law and accounting firms. The Israel Tax Authority purchased dozens of copies for the use of tax assessors and collection officers.
The field of pension taxation is complex and multifaceted. Our office is proud to provide tax consulting services to major insurance companies in Israel and other large organizations, collaborating with the MATI (Small and Medium Business Development Center operated by the Ministry of Industry and Trade) where we also train and share our extensive experience with businesses at the beginning of their journey.
The topics covered in the guide include:
- Background, definitions, and general instructions on pension taxation.
- Payments to provident funds such as grants, compensations, and severance pay.
- Withdrawal of funds from provident funds, compensations, and severance pay.
- Controlling members.
Members in a family company. - Transfer of funds from one fund to another.
- Amounts paid to employees by provident funds.
- Deductions and credits for deposits in provident funds.
- Education funds.
- Loss of earning capacity.
- Vacation and other purposes funds.
- Special issues including tax payment after leaving employment regarding remaining compensations and grants in the fund, insurance arrangements for the employee's spouse in self-employment together with their spouse, application of Section 32(9) in the case of a partnership held by a company, coverage of past debts for compensation in a provident fund policy, offsetting losses and credit points for withdrawals not in accordance with the law from a provident fund, and more.
For orders:
Phone: 077-7700000
Fax: 03-7601100 (Attention: Effi)
