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IL Tax 2024

iCalculator™ IL: Israel Tax Calculators

Welcome to iCalculator™ IL, your comprehensive suite of free tax calculators for Israel. iCalculator™ has provided free tax calculators for Israel since 2019. Since those early days we have extended our resources for Israel to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Israel Tax Calculator and salary calculators within our Israel tax section are based on the latest tax rates published by the Tax Administration in Israel. In this dedicated Tax Portal for Israel you can access:

Israel Tax Calculator 2024/25

The Israel Tax Calculator below is for the 2024 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Israel. This includes calculations for

  1. Employees in Israel to calculate their annual salary after tax.
  2. Employers to calculate their cost of employment for their employees in Israel.
Israel Tax Calculator 2024
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Advanced Israel Salary Calculator
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Discover Israel

Israel is located in the Middle East, along the eastern coastline of the Mediterranean Sea. It is bordered by Lebanon to the north, Syria to the northeast, Jordan to the east, and Egypt to the southwest. The Palestinian territories of the West Bank and Gaza Strip are to the east and west, respectively. Israel’s strategic location has made it a historical crossroads of religions, cultures, and trade.

Culturally, Israel is a melting pot of diversity, with a population comprising Jews from around the world, as well as Arabs, Druze, Bedouins, and other ethnic groups. This diversity is reflected in its rich tapestry of traditions, languages, and cuisines. Israel is home to many religious sites important to Judaism, Christianity, and Islam, contributing to its complex and dynamic cultural landscape. The country is also known for its vibrant arts scene, including music, dance, theater, and a flourishing film industry.

Economically, Israel is regarded as a highly developed country, boasting one of the most technologically advanced and innovative economies in the world. A leader in high-tech and startups, often referred to as the "Startup Nation," Israel has a significant footprint in industries such as software, communications, and life sciences. The country’s economy is also supported by sectors like manufacturing, particularly in high-tech electronics and diamond cutting, as well as agriculture, which benefits from advanced water-saving technologies. Tourism plays a significant role in the economy, with millions visiting Israel’s historical sites, beaches, and natural reserves every year.

Despite its relatively small size, Israel's economy is characterized by a high standard of living, a skilled workforce, and a high level of innovation. The country’s focus on research and development, coupled with a strong entrepreneurial spirit, continues to drive its economic growth and global influence.

Tax overview of Israel

The taxation system in Israel is multifaceted, encompassing various types of taxes for individuals and businesses. Personal income tax in Israel is progressive, with rates increasing as income rises. This system aims to distribute the tax burden fairly among different income levels. Corporate tax is levied on the profits of businesses, with specific regulations ensuring fair taxation of both domestic and international companies operating in Israel.

Value-Added Tax (VAT) is applied to most goods and services in Israel, significantly contributing to the government's revenue. In addition to these primary taxes, Israel imposes capital gains tax, real estate taxes, and customs duties on imports. Special attention is given to taxation of high-tech companies and startups, which form a crucial part of Israel's innovative economy.

The Israeli government continually adapts its tax policies to meet economic and social objectives, including incentives to promote investment in certain sectors and regions. Understanding the complexities of Israel's tax system is crucial for compliance and strategic financial planning. For detailed guidance on tax obligations in Israel, our resource hub offers comprehensive information. Visit our tax tools and tables section for the latest tax tools and resources, providing valuable insights into navigating Israel's tax environment.