Principle
Tax paid abroad can be credited against the Israeli tax on the same income. The credit is limited to the amount of tax that would have been applicable in Israel.
baskets
The credit is calculated according to 'baskets' of income: business income, dividend, interest, capital gain - each basket separately.
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.