On Thursday 28, March 2019, the governments of Israel and Australia signed a long-awaited double tax treaty in the Australian capital, Canberra.
This marks the culmination of more than three years of ongoing negotiations. In signing the treaty, Australia becomes the final OECD country to enter into a double tax treaty with Israel.
The double tax treaty will further entrench the strong connection between the two countries. The reduced tax rates and the facilitation provided by the Treaty are likely to open new cross-border commercial, investment and trade opportunities to businesses from both countries.
The Australian desk of Gornitzky & Co., one of Israel’s top-tier commercial law firms, has over twenty years of experience representing Australia’s most prominent investors in Israel, and Israeli ventures doing business in Australia, including in listing on the Australian Securities Exchange.
For more information regarding the double tax treaty or Australia-Israel cross-border transactions please contact Partners Eli Elya or Shlomo Landress.