Tax Advice

Simon Accountancy and Economic Consulting provides creative and innovative tax solutions to our various clients, companies, funds and individuals. Tax consulting is one of the main services provided by our firm.

Our firm has extensive experience in accompanying companies during their daily operations, as well as tax issues that arise as part of their business activities. Every company that is our client, we study the company and its needs in depth, in order to provide the best tax solutions. Our approach to tax management is an integral part of the company's strategy and we assist companies at every stage of their lives. The following is a summary of the types of services we provide to companies:

  • Ongoing advice on tax law relating to companies.
  • Benefits and incentives (according to the various encouragement laws).
  • Assistance in preparing reports to the various tax authorities.
  • Planning the tax aspects involved in the company's financing structure.
  • Handling and representation before the tax authorities, including obtaining pre-ruling approvals.
  • Planning the tax aspects involved in employee remuneration packages, including option plans in the various tax tracks.
  • Capital gains taxation.

Our firm has extensive experience in accompanying companies in the course of their ongoing business, as well as providing specific solutions to tax issues that arise at business junctions.

Our firm deals extensively with international taxation, emphasizing the relevant laws, regulations and conventions – whether companies, individuals or other entities.

We work to learn and understand the corporate client's business and needs, with the aim of providing the most appropriate tax services and planning. In our view, the tax model should be an integral part of the company's strategy, and we assist companies at various stages of development.

The following is a summary of our services in the field of international taxation:

  • Developing a global and flexible tax strategy.
  • Examining the best incorporation model for overseas activities.
  • Financing international activities and investments.
  • International restructuring and acquisitions.
  • Taxation of income originating abroad and transferring it to Israel in the smartest way.
  • The effect of treaties for the prevention of double taxation and tax benefits abroad.

 An accountant may be especially important for U.S. residents living outside the U.S. or for companies that have international operations. An accountant can help a client manage his expected taxation and taxation, sometimes even before he starts doing business abroad. The service includes examining the tax implications under US law, calculating the expected tax, and filing tax returns at the US tax offices. In addition, the accountant assists in planning the tax and appropriate payments according to times and guidelines from the law, as well as assistance in handling all the reasons that arise in taxation and in adapting to the client's needs and business nodes.

We can help you in this area.

Transfer prices refer to the process that is carried out between different affiliates or subsidiaries of a multinational company, and is carried out through the determination of prices for goods or services. 

Transfer pricing can be used to transfer profits to lower tax jurisdictions, thereby reducing the total taxes multinationals have to pay. Governments around the world are concerned about transfer pricing because it can result in loss of tax revenue. 

To address this problem, many countries have implemented transfer pricing regulations and require companies to provide documentation and justify their pricing decisions. The pricing process is a complex issue that combines various considerations such as the value of intellectual property, the location of production facilities, and the role of marketing and distribution. Transfer pricing can be a critical issue for multinational corporations, tax authorities and international organizations such as the OECD. 

Ultimately, transfer prices are a cornerstone of the international economic process and affect tax revenues around the world.

Our firm will assist you in implementing a method and billing between the companies on an ongoing basis according to the work of transfer pricing.

The field of incentives and approved enterprises, which is mainly based on the Encouragement of Capital Investments Law, holds many benefits that, with proper planning, can achieve excellent financial and tax results for the business.

Here are the investment grants and benefits you may be eligible for:

Investment Grants – We will accompany you and help you receive Investment Center grants.

Tax benefits – We  will accompany and act in order to obtain for you a tax benefits track provided by the Tax Authority as may be relevant to you.  

Employment Grants – There are various employment grant tracks offered by the Investment Center. We will help you find the most suitable track for you.

Here are the R&D grants and benefits you may be eligible for:

Office of the Chief  Scientist– Grants to traditional industry, competitive R&D grants, MAGNET, Magneton and more. 

Binational Funds and Agreements – The international support tracks enable Israeli companies to receive support for joint R&D programs with foreign companies.

Special permits – we will accompany you and assist you in obtaining special permits from the Office of the Chief Scientist required to receive tax benefits. The following are examples of tax benefits, approval under section 20A of the Ordinance, erosion of base turnover, development for a foreign resident, approval of an R&D-intensive company, removal of production or know-how outside of Israel, the Angels Law, etc.


Our tax department includes a dedicated real estate taxation team, consisting of accountants and lawyers. Our Tax Department is prepared to handle income tax, capital gains tax and VAT aspects during the planning and execution of real estate transactions and ongoing real estate business activity.

Our firm advises on how to divide property and real estate assets when receiving an inheritance in order to reach the optimal tax result for the heirs.

Our firm advises individuals and companies on real estate transactions in Israel and abroad.

The following is a summary of our services in real estate taxation:

  • Ongoing support in the preparation and submission of financial statements to companies and real estate professionals. 
  • Assistance and accompaniment to companies and individuals in transactions for the sale and purchase of real estate in Israel. 
  • Assisting and accompanying companies and individuals in transactions for the sale and purchase of real estate abroad. 
  • Assistance and accompaniment in obtaining preliminary agreements from the tax authorities in real estate transactions (pre-ruling).

Our firm is connected to the computers of the tax authorities and provides a service for a 'concentrated collection' arrangement with the tax authorities, the arrangement allows postponing the dates of payments to the tax authorities and bringing forward VAT refunds. The fact that our office is connected to the computers of the tax authorities enables us to provide optimal services to our clients by closely monitoring and keeping a finger on the pulse of our clients' tax file.

Our experts review your tax file with the authorities on an ongoing basis in order to ensure that the reports are correct and that no mistakes were made on the part of the tax authorities or on our part in order to achieve an optimal situation for you.

Our tax department has the knowledge and experience necessary to help individuals optimally plan their taxes and how to manage their activities and comply with all tax reports required by the various authorities in Israel and abroad. For over 30 years we have encountered complex tax issues so we have accumulated extensive experience in providing creative tax solutions.

Here is a summary of our services:

  • Ongoing support in the preparation and submission of annual tax returns to the Israeli tax authorities.
  • Handling transactions of sale and purchase of shares.
  • Allocation of rights to employees and managers from their employer and special wage arrangements.
  • Retirement arrangements and accompanying benefits.
  • Tax residency advice.
  • Trusts.

Our tax department, the knowledge and experience in handling and advising on indirect tax issues (Value Added Tax, Customs, Sales Taxes and Excise Tax). Our services are provided For customers who are members of human beings and individuals.

Our firm has the knowledge and experience in the field of municipal taxation – charges of development levies, municipal taxes, betterment levies, building fees, and other mandatory municipal payments. Our firm advises contractors and developers on reducing requirements for development and betterment levies. 

Among other things, our firm provides economic opinions relating to municipal taxation and accompanies the preparation of relevant expert opinions in the field, conducting negotiation proceedings and providing additional relevant accounting services in these fields.