Following the 2002 move from a territorial tax system to a tax system on a worldwide basis, the following changes have been introduced as per 1 January 2006 (unless otherwise indicated). Preceding these tax changes, which are mainly meant to enhance the tax competitiveness of the Israeli income tax system, were an expansion and simplification of tax incentives under the Law of Encouragement
Highlights of the changes are as follows:
OrbitaxChanges to income tax system
