Category: Trapped
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Knesset enacts Trapped Profits Law by one vote
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This evening, the Knesset General Assembly approved the controversial Trapped Profits Law, the main reform in the 2025 budget, by narrow margins in the second and third readings – 59 votes in favor and 58 votes against. The law is expected to bring NIS 9 billion to the state treasury…
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Finance C’ttee passes trapped profits taxation bill
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The Knesset Finance Committee approved the major reform in the 2025 budget. After a lengthy campaign against the move by business organizations, a majority of Knesset members in the committee voted in favor of the complex law that will enable the state to collect taxes on an estimated NIS 150…