Key Risks for MNEs Operating in Israel after Pillar Two

Israels tax system is a prime candidate for reform in light of the Pillar Two GloBE Rules
Whilst the headline corporate income tax rate is 23%, the Israeli tax regime offers a number of highly attractive tax incentives that can significantly reduce the effective tax rate for MNEs. 
The Capital Investment Encouragement Law in particular offers substantially reduced corporate income tax and withholding tax rates for qualifying enterprises.
In this article we assess Israel’s tax incentive regime and the impact this may have on MNEs post Pillar Two.
Capital Investment Encouragement Law

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