We are pleased to update that the double tax treaty between Israel and Australia has come into force on January 1, 2020. The treaty offers incentives for increased trade between Israel and Australia, such as reduced withholding tax rates and reduced tax rates on royalty payments. In addition, the treaty grants certain tax reliefs to individuals and businesses.
We would be happy to elaborate further on the treaty’s benefits and implications for you, your business and your investments.
For further information, please contact our Australia desk.