Everything you always wanted to know about payroll and labor laws but were afraid to ask
Are you presently employed by two employers as a salaried employee ? NOTE: if you are employed by more than two employers, you will need to go to your local Bituach Leumi with a copy of each of your payslips and this article does not apply to you. If you are earning less than …
Continue reading “Are you employed in two places of employment simultaneously ?”
OK, I will consent that this is a rare case indeed, and not every employee who mistakenly checks the wrong box on the 101 tax form will be arrested. However, it is important to understand what this form is all about and how to correctly fill it out. The other issue is that purposely filling out …
Continue reading “Be careful how you fill out your 101 form”
Everyone supports their spouse ! Well at least they should, I mean that’s what spouses are for, to support each other. Yes, but that’s not the kind of support we’re talking about here. Up until Dec 31, 2004, if a husband or wife did not work or have income from a pension or from self-employed …
Continue reading “Chapter 37 of the tax law – credit for support of one’s spouse”
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 …
Continue reading “Increase in maximum mandatory transport payment via payslip”
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 …
The tax rates below are for salaried employees in Israel who are employed full time with one employer. Part-time employees and daily employees taxes are configured pro-rated. The information is provided as such, In case of any discrepancy, the official laws and directives as set forth by the tax authority are the applicable ones. Tax …
Continue reading “side by side comparison of 2010 & 2011 tax brackets”
I remember vividly an old priceless"Wizard of Id" comic from way back:The first frame showed a horse rider, sent by the king, galloping into town yelling "Hear all". When the townspeople gathered around he anounced "I was sent to rid the land from wretched infidels. In order to pay for the expense I hereby levy …
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 …