Everything you always wanted to know about payroll and labor laws but were afraid to ask
Due to the recent increase in public transportationl expenses, the munion of industrualists released a memo on Jan 31, 2011 which states that according to the recent collective agreement, the maximum mandatory daily reimbursement for tavel expenses has been updated to 24.40 shekels per day, as of January 1, 2011. Moshe Egel-Tal, CSPPFounder and …
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On december 20th, 2010 a law proposal to update the minimum wage law was put in motion in the knesset. The proposed law ammendment would put the minimum wage at 53% of the Average Salary in the Economy (ASE). As of January 2011 the ASE is 8,307 shekels. If approved, the amendment would update the …
An employee worked in a Hi-tech company for 5 years. In the work contract between him and the employer it stated that "the employee is eligible to receive a car for his personal use from a leasing company. If the employee chooses this option his salary will be 10,000 shekels (gross) per month; However, if …
A private bill was introduced on Dec 20th to the knesset. An amendment to the minimum wage law. The proposal is to set the minimum wage at 53% of the average salary, instead of the current 47.5%. This is in lieu of the recent signing of a new salary agreement between the Histadrut klalit (labor …
The max amounts that can be withheld as garnished wages have been updated as of Jan 2011. * single 2,040 shekels * single / divorced / widow + 1 child 3,298 shekels * single / divorced / widow + 2 (or more) children 4,114 shekels * couple 3,059 shekels * couple + 1 child 3,549 …
The basis for the update to the law expanding tax credit points to returning residents is Aliyah absorbtion, returning quality human capital to Israel and encouraging investors with potential financial capital to make the State of Israel their center of life, by way of targeting them to make Aliyah and invest in the development of Israel’s Economic Resilience. The main points of the …
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Holidays are explicitly defined in the labor laws:2 days Rosh Hashana, Yom Kippur, 2 days Sukkot, 2 days Pesach, Shavuot and Yom Ha’atzmaut. Monthly employees are entitled to payment for the Holidays that occur during the month for which payroll is paid, since their base pay is monthly based (set). Such employees receive their regular …
Tax credits value of tax credit point 209 shekels qualifying income ceiling for section 45 alef 8,200 shekels 25% credit ceiling 143.50 shekels 35% credit ceiling 200.90 shekels minimum annual donation (charity) 310 shekels Tax deductions qualifying income ceiling for section 47 8,200 shekels 5% ceiling – savings for section 47 410 shekels Tax exemptions pension …
In 2011, the tax rates (%) remain the same, but the amounts in each bracket have been revised. The new tax rates for 2011 are as follows: monthly gross pay tax rate in % tax up to 5,070 10 507 next 3,590 (up to 8,660) 14 503 next 5,410 (up …
In Germany, a recent court verdict regarding appropriate dress code at the place of work required male employees who want to grow a beard to come to work with it trimmed and neat, and women are required to wear bras to work, not only that, but the bra must be white or skin color …