חוק לעידוד תעשייה עתירת ידע (הוראת שעה), התשפ"ג-2023

Government bill · Published 31 Jul 2023

1Tabled
2Reading 115 Aug 2022
3Committee
4Readings 2-325 Jul 2023
5Published31 Jul 2023

How it affects you

Investors in research and development companies can receive a tax credit on qualifying investments, capped at an investment of 4 million shekels, through December 31, 2026. Technology companies can deduct the cost of acquiring a qualifying company over five tax years, subject to conditions.

Who gains

Research and development investors A tax credit on qualifying investments capped at 4 million shekels Section 2(ג)
Acquiring technology companies Deduction of the net purchase amount over five tax years Section 5(ב)
Foreign financial institutions Tax-free interest from an Israeli technology company Section 6(ב)

Who pays

Research and development companies Must report when a company condition is no longer met Section 2(ח)(1)

Under the table

Few hands
Only 9 of the 120 members took part in the final vote.
Temporary provision
The law, or part of it, is temporary and needs an extension to stay in force.
Carried over
The bill was carried over from the previous Knesset.