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...

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