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Example A NIS Example B NIS APPENDIX 1 Example C NIS Example D NIS CAPITAL GAIN (LOSS): Depreciated balance as of December 31, 2010 100 100 100 100 Proceeds from sale 390 150 130 60 Capital gain (loss) 290 50 30 (40) INFLATIONARY AMOUNT: Depreciated balance 100 100 100 × × × Increase in CPI as of December 31, 2010 2.9 2.9 2.9 (321.1:110.4) 290 290 290 Less depreciated balance (100) (100) (100) Adjusted increase 190 190 190 INFLATIONARY TAXABLE AMOUNT: Depreciated balance 100 100 100 × × × Adjustment to December 31, 1993 (143.1:110.4) 1.3 1.3 1.3 130 130 130 Less depreciated balance Inflationary taxable amount (smaller than (100) (100) (100) or equal to capital gain) EXEMPT INFLATION AMOUNT: 30 30 30 Inflationary amount 190 190 Less inflationary taxable amount (30) (30) Total exempt inflationary amount 160 160 (*) Taxable and exempt inflationary amount of capital gain REAL CAPITAL GAIN: Capital gain 290 Less inflationary amount (190) 100 REAL CAPITAL GAIN UP TO 31.12.2002: 12/20 x 100 60 REAL CAPITAL GAIN AFTER 31.12.2002: 8/20 x 100 40 TAXES DUE (Personal Tax Liability): Real capital gain up to 31.12.2002 (60x 45%) 27 - - - Real capital gain after 31.12.2002 (40 x 20%) 8 - - - Inflationary taxable amount (30 x 10%) 3 3 3 - Total taxes due 38 3 3 - 146 BDO Israel
BDO Israel Appendix 2 DEPRECIATION RATES The following table contains a sample of most common depreciation rates used for tax purposes. Industrial Entities: Machinery and equipment operating in: One shift Two shifts Three shifts Straight line method % Buildings 5 Patents and know-how 12.5 R&D expenditures 33 - 100 Hotels: Buildings 5 Equipment 20 Other Businesses: Machinery and equipment 7 - 10 Electric equipment and computerized equipment 15 Computers and software 25 - 33 Trucks and commercial vehicles 20 Passenger vehicles 15 Furniture and office equipment 6 - 7 Buildings 1.5 - 4 Solar installations 25 20 30 40 147
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PREFACE This publication has been p
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7. INVESTMENT INCENTIVES AND TRADE
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8 THE ISRAELI ECONOMY IN 2010 The I
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1.2.4. Fiscal Developments 10 THE I
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12 THE ISRAELI ECONOMY IN 2010 1.2.
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14 THE ISRAELI ECONOMY IN 2010 Comp
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16 ISRAEL - GENERAL OVERVIEW Israel
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2.4. ISRAEL’S CURRENCY 18 ISRAEL
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Legal holidays in 2010 and 2011 are
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22 OVERVIEW OF ISRAEL’S HIGH-TECH
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OVERVIEW OF ISRAEL’S HIGH-TECH IN
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32 BUSINESS STRUCTURE The Companies
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34 BUSINESS STRUCTURE with respect
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36 BUSINESS STRUCTURE recommendatio
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38 BUSINESS STRUCTURE TASE regulati
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40 BUSINESS STRUCTURE ♦ Non-profi
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4.2.2. Prerequisites 42 BUSINESS ST
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44 BUSINESS STRUCTURE As mentioned
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46 BUSINESS STRUCTURE 4.3. INSURANC
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5.1.2. Distribution of Employees 48
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50 BUSINESS ENVIRONMENT As of Janua
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5.2. ANTITRUST LAW 52 BUSINESS ENVI
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5.3. INTERNATIONAL TRADE 54 BUSINES
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5.4. TRADE AGREEMENTS 56 BUSINESS E
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5.5. PROPRIETARY RIGHTS 58 BUSINESS
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60 ACCOUNTING AND AUDITING PERSPECT
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74 INVESTMENT INCENTIVES AND TRADE
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Page 136 and 137: 8.8.6. Real Estate Companies 134 TA
Page 138 and 139: 8.10. TAX TREATIES 136 TAXATION As
Page 140 and 141: 138 Dividends % Interest % TAXATION
Page 142 and 143: 140 FOREIGN EXCHANGE CONTROL AND PR
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