Taxation
Local and international tax planning; real estate, hitech or capital market taxation; individual, partnership, corporate, or transparent corporate returns; mergers and acquisitions, splits, or corporate restructuring; payroll, interest, royalties, dividends, or capital gains - all of these issues require in-depth assessment and careful planning.
Our tax experts have extensive knowledge, facilitating comprehensive action based on a panoramic view of the entire transaction - taxation, accounting, financial, and economic.
Fahn Kanne & Co.'s tax department is one of the leading professional departments in its field, rendering comprehensive consulting services in all areas of tax: income tax, international tax, value added tax, real estate betterment tax, national insurance institute, tax incentive legislation, etc.
The staff of the tax department has many years of experience in handling a variety of tax issues and in consulting on business and investment activity in Israel and abroad. The staff is comprised of accountants, lawyers, and tax experts.
Our consulting service is based on a close professional-client relationship, provided to both regular clients of the firm and companies and individuals who are otherwise unrelated to the firm.
The tax department maintains close contact with the local tax authorities and represents its clients in current tax issues, deliberations, appeals, and obtaining special approvals.
International connections
The tax department works closely with its colleagues in other branches of Grant Thornton around the world. These working relationships provide the department with the capability and expertise required for international tax planning schemes, for conducting transactions abroad, and for keeping abreast of the latest changes in tax and other legislation worldwide.
We present below a summary of the service packages offered by the department:
Accompanying transactions and investment activity - accompanying agreements, contracts, and special projects, from the planning stages through final implementation, including participation in negotiations prior to the agreement, and planning the optimal tax structure for carrying out the transaction - both locally and globally.
Tax planning and restructuring - Planning the structure of the holdings and investments in Israel and abroad, mergers and acquisitions, spin-offs, inter-company transfers of assets, reorganization, utilizing tax loss carryforwards, reporting methods, benefits, incentive laws, etc.
Advising clients as to the best manner of financing - Tax considerations in determining the type of investment (share capital, capital notes, shareholders' loans, etc.), VAT ramifications, and feasibility considerations for taking loans from a company.
Real estate transactions - Betterment tax, purchase tax, sale and rental of apartments, combination transactions, real estate associations, exemptions.
Employee wages and remuneration - Payroll and remuneration taxation, non-deductible expenses, social withholdings, managers insurance and education funds.
Opinions - Rendering opinions on tax issues, including expert opinions for court use, and obtaining pre-rulings from the tax authorities.
Workshops and seminars - Training sessions on changes in legislation and tax reform.
Tax returns - Compiling and examining tax returns for individuals and corporations, utilization of tax rights, handling complex tax refunds, etc.
Bookkeeping - Setting up a bookkeeping system in accordance with the appropriate laws; examination and preparation in advance of tax audits.