Business Reforms in Israel
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Starting a Business: Israel made starting a business easier by merging tax and social security registration.
Paying Taxes: Israel made paying taxes more costly for companies by increasing the corporate income tax rate, the rate for social security contributions paid by employers for the upper wage bracket and municipal taxes.
Paying Taxes: Israel made paying taxes more costly for companies by increasing the profit tax rate.
Starting a Business: Israel made starting a business easier by reducing the time required for registration at the Income Tax Department and the National Insurance Institute.
Resolving Insolvency: Israel made resolving insolvency easier through an amendment to its company law allowing the assumption or rejection of executory contracts, granting maximum priority to postcommencement credit, extending the maximum period of moratorium during restructuring proceedings and allowing the sale of secured assets when necessary to ensure a successful restructuring.
Registering Property: Israel made transferring property easier by tightening time limits for tax authorities to process capital gains self-assessments on property transfers.
Trading across Borders: Israel made trading across borders easier by changing the method used to calculate port fees.
Resolving Insolvency: Israel amended its courts law to establish specialized courts for dealing with economic matters.
Trading across Borders: Israel is expanding its electronic data interchange system and developing a single-window framework, allowing easier assembly of documents required by different authorities and reducing the time to trade.
Paying Taxes: Israel made paying taxes less costly for companies by reducing the corporate income tax rate.
Registering Property: Israel made property registration cheaper by eliminating the sale tax.
Paying Taxes: Israel made paying taxes less costly for companies by reducing the corporate income tax rate and abolishing the stamp duty.