CIT rate
It has been decided that, for the years 2009-10, Israel will have a "joint budget", which is intended to stimulate the Israeli economy. In this context, one of the main reforms that has been discussed is a reduction in corporate and personal taxation in the forthcoming years. The relevant reform measures have not yet been passed, but a draft proposes the gradual reduction in the corporate income tax rate to as low as 18% by the 2015 (the current rate is 26%). F…