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HU Credits:
4
Degree/Cycle:
1st degree (Bachelor)
Responsible Department:
Accounting
Semester:
2nd Semester
Teaching Languages:
Hebrew
Campus:
Mt. Scopus
Course/Module Coordinator:
Liraz Tubul
Coordinator Office Hours:
By telephone arrangement
Teaching Staff:
Liraz Tobul,
Ariel Katz
Course/Module description:
The main principles of Israeli tax law
Course/Module aims:
The goal of this course is to teach the students the main principles of Israeli tax law and to develop a working knowledge of the basic principles and rules of the Israeli income tax system.
Learning outcomes - On successful completion of this module, students should be able to:
To understand the main principles of Israeli tax law
Attendance requirements(%):
Teaching arrangement and method of instruction:
Lectures, exercises and problem solving
Course/Module Content:
1.Introduction
Fundamentals of taxation - types of compulsory payments: tax, licences, price etc. The legal basis for charging taxes, the purpose of tax, principles of tax method, tax authorities, tax base, tax methods, principles of direct and indirect taxation, types of taxes, tax rates, tax collection, interpretation of tax laws.
Income tax - structure of the Income Tax Ordinance, definitions, tax rates, deductions, credits.
Personal and territorial tax.
2.Income, Section 2, Section 2A
What is income, The source concept of income, income from effort as opposed to capital income, gifts, illegal income, income from lotteries and gambling.
3. Income from a business or profession.
4.employment income
5.income from interest, dividend and linkage. Pension income.
6.income from property and land.
7.other income sources;
income from agriculture
Income from patents and author rights.
7. Section 3 - Other income
Income from severance pay, grants, waiver of debt, further education funds, provident funds, pension funds, income following cessation of employment.
8. Bookkeeping regulations,reporting method and bookkeeping method.
9. Deemed income
Sections 3(i), 102, change in purpose, Sections 85, 100.
10. Exemptions - Section 9.
11. Expenses
Sections 17, 18, 30, 31, 32.
Allowable expenses rules, current as against capital expenditure, incidental expenses, expenses to preserve existing assets, mixed expenses, pre-business expenses, illegal expenses and punishment type expenses, contingent liabilities and the provision for liabilities, expenses for assessee reporting on a cash basis.
12. Finance expenses
13. Other expenses
Rent, repairs, bad debts,social payments, natural damage, construction of air raid shelters, expenses involving tax payment, research and development expenses and other expenses.
14. Personal deductions and credits.
15. treatment of donations.
16. Excess expenses.
17. Losses.
18. Collection procedures and deduction at source.
19. assessment procedures, objection, appeal.
20. Avoidance of tax and artificial transactions.
21. social security
Note: The mandatory syllabus for students is the detailed syllabus published on the course site.
Required Reading:
in the internet Syllabus
Additional Reading Material:
in the internet Syllabus
Grading Scheme :
Additional information:
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