When the State Demands Shareholders Pay the Company’s Debt: Section 119A of the Income Tax Ordinance
Purchased a taxi with a tax exemption? Don’t let a ‘favor to a friend’ or a missing meter lead to a massive tax bill. Attorney Yaniv Ish-Shalom breaks down the strict conditions of the conditional tax exemption in Israel and reveals the 5 warning signs that your taxi operation might be under scrutiny by the Tax Authority.