If you are a salaried employee and make less than 6,200 shekels (gross) you are probably eligible for the negative tax stipend.
Up until this year, the stipend was gradually worked in, first available only to certain area residents, but starting in 2011 it will be available to residents of all of Israel.
To help citizens, the Tax Authority has launched a new site http://www.mahanak.org.il/index.html (unfortunately it is only in Hebrew)
But there is something fishy about the name they chose for the site, MAHNAK means "choking" ! Is this a warped sense of humor or a russian-born employee’s bad use of Henglish ?
Wishing everyone a Chodesh Tov !
Moshe Egel-Tal, CSPP
Founder and CEO, Israpay "making payroll simple"
Site: http://www.israpay.com
Email: mo***********@gm***.com
Skype: motal7
Snail Mail: p.o. box 44429 Jerusalem, Israel 91443
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