New Immigrants and Veteran Returning Residents

On September 16, 2008 the state of Israel has enacted Amendment 168 to the Ordinance ("Amendment 168").
Amendment 168 significantly expanded the tax benefits provided to First Time Residents and Veteran Returning Residents, who arrives to Israel after January 1, 2007.

A Veteran Returning Resident is defined in the Ordinance as an individual who returned to be an Israeli Tax Resident after being a foreign Tax Resident for a period of at least ten consecutive years.