Prevention of double taxation on capital gains

Principle

Tax treaties between Israel and other countries prevent double taxation on capital gains. Generally, the right to tax is the country of residence.

Mechanism

Direct tax credit: tax paid abroad is offset from the Israeli tax. If the tax abroad is higher than in Israel - there is no refund.

Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.