For The First Time, Tax Relief Has Been Approved For Contributions To An Israeli NPO Operating Abroad

In an unprecedented action, the Knesset Finance Committee has recently recognized an Israeli organization operating abroad as a 'public institution' pursunt to section 46 of the Israeli Income Tax Ordinance. Such recognition affords the non-profit organization a tax benefit, by way of a tax credit to donors for their donations granted to that organization.

The aforesaid approval was given to the non-profit organization "Fighters for Life," an Israeli NPO operating abroad and providing humanitarian assistance to civilians in third-world countries. According to the Finance Committee's press release, it granted approval to the NPO after the Ministry of Foreign Affairs had conducted examinations and found that the NPO fulfilled the criteria for being classified as an institution entitled to a tax benefit, since its objects clearly serve national...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT