Sponsored By

Israel Tax Authority Delays Reporting Deadline for New LawIsrael Tax Authority Delays Reporting Deadline for New Law

Trustees now have until June 30, 2015

1 Min Read
Israel Tax Authority Delays Reporting Deadline for New Law

Trustees and trusts with Israeli resident beneficiaries will get some extra time to comply with reporting requirements of a new law. The Israeli Tax Authority recently announced that it has moved back the filing date for reporting under the new law that will subject many previously tax-exempt trusts and/or their Israeli resident beneficiaries to significant Israeli income-tax liabilities and reporting obligations.
 
The filing deadline is now June 30, 2015, moved back from Dec. 31, 2014. For more information about the law's requirements, see "Israeli Beneficiaries Subject to New Tax Law."

About the Authors

Debra Hirsch

Debra Hirsch is a  partner at Fox Rothschild LLP. She has been recognized for her expertise in tax and estate law. She concentrates her practice in sophisticated estate- and gift-tax planning, the preparation of wills and trusts, and estate administration. Debra is rated “AV Preeminent” by Martindale-Hubbell and was named one of New Jersey’s “Top-Rated Lawyers” in 2013 and among New York’s “Women Leaders in the Law” in 2014.

Debra Hirsch and Sara Weinberg have co-authored a number of articles on Israeli tax law and on sophisticated estate planning in general. These studies have appeared in publications and venues, including the New Jersey Law Journal, Bloomberg BNA, and the Notre Dame Tax and Estate Planning Institute.

 

Sara Y. Weinberg

Sara Y. Weinberg is an associate at Fox Rothschild LLP. She concentrates her practice in estate, tax, and wealth planning.

Debra Hirsch and Sara Weinberg have co-authored a number of articles on Israeli tax law and on sophisticated estate planning in general. These studies have appeared in publications and venues, including the New Jersey Law Journal, Bloomberg BNA, and the Notre Dame Tax and Estate Planning Institute.