Income Tax Ordinance Amendment (Deduction of Issuance Expenses) Bill
Translated from Hebrew: הצעת חוק לתיקון פקודת מס הכנסה (ניכוי הוצאות הנפקה)
TL;DRA proposal to extend the deduction of issuance expenses on the Israeli stock exchange also to partnerships and participation units, not only to industrial companies.
Translated from Hebrew
What does the bill do?
The bill changes the Income Tax Ordinance and the Law for the Encouragement of Industry (Taxes) to allow the deduction of expenses in connection with issuing shares and participation units that are listed for trading on the stock exchange in Israel, not only for industrial companies. The proposed start date of the amendment is January 1, 2023. The bill is intended to encourage companies to issue shares on the Tel Aviv Stock Exchange by recognizing these issuance expenses for tax purposes.
The votes on this bill
Coalition 64 seats
Left the coalition 8 seats
Opposition 48 seats
Tap an MK for detailsChanged position between readingsOnly MKs who held a seat on the day of the vote are shown