On September 17, 2024, the Israeli Tax Authority (ITA) amended the existing rules governing employee share plan offerings in Israel, effective January 1, 2025. As part of these new rules, the ITA will reactivate dormant reporting obligations for employee share plan offerings in Israel and has also adopted new requirements and procedures for establishing share plan offerings with trustee arrangements. 

Join Baker McKenzie and Israeli Firms Herzog, Fox & Neeman and Phoenix – ESOP for a webinar on October 30th  for an overview of the amended rules and the new quarterly and annual tax filings for companies offering equity compensation to employees in Israel.

We will discuss:

  • A review of the new 2024 rules
  • The latest updates from the ITA on the quarterly and annual filing deadlines and reporting requirements
  • What to expect in the new tax circular that the ITA is expected to issue shortly, including the revised process for companies wishing to implement a new plan under a trustee track
  • Update on the tax audit landscape in Israel

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Author

Brian Wydajewski practices in the area of compensation and employment. He also heads the Chicago Office’s Global Equity Services Practice which assists multinational corporations with the design, implementation and operation of global equity compensation plans. Mr. Wydajewski has authored numerous articles, and is a frequent speaker on employee benefits, executive compensation and global equity compensation issues. In addition, Mr. Wydajewski is past chair of the Illinois State Bar Association’s Employee Benefits Section Council, and is an adjunct professor at the Center for Tax Law and Employee Benefits at the John Marshall Law School. Mr. Wydajewski focuses his practice on domestic and international employee benefits and executive compensation. He advises on registration and prospectus requirements associated with the offer of equity compensation abroad, structure of equity compensation arrangements, as well as data privacy requirements in the collection, processing and transfer of personal data across borders. He also counsels multinational corporations on employee benefit, executive compensation and equity compensation issues arising in complex corporate transactions such as mergers, acquisitions, spin-offs and initial public offers.