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Tag Archives: tax_deductions

Now taking orders – salaried employee’s tax exemption and deductions booklet

If you are a salaried employee, you should know what tax deductions you are eligible for and how to get them. On sale now – for the small price of 50 sh send an email to mo***********@***il.com

Posted bymotal7October 28, 2012Posted inUncategorizedTags: employment, Israel, payroll, salaried_employee, tax_deductionsLeave a comment on Now taking orders – salaried employee’s tax exemption and deductions booklet

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Namemotal7
Company NameIsrapay
Business OverviewCSPP, Certified Senior Payroll Professional; Consultation & Analysis for employers and employees, mini-seminars on payroll and labor law issues

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  • motal7 wrote a new post on the site The Payroll Thing 14 years, 7 months ago

    In many case where an employee or former employee sues his employer in labor court, the employer’s lawyers will try to reach a settlement by offering less than is actually owed, by using scare tactics. They will […]

  • motal7 wrote a new post on the site The Payroll Thing 14 years, 7 months ago

    Over the years I have seen just about everything in Israeli payroll. I have worked for many different clients and come across every type of employer you could think of. There were those who were willing to pay a lot for things to get done as long as they didn’t have to deal with any of it […]

  • motal7 wrote a new post on the site The Payroll Thing 14 years, 7 months ago

    o.k. let’s face it, everyone likes to be complimented. It’s part of human nature. And when we do a good job, we have earned the praise. After a while it’s usually forgotten. When an employee is terminated, in most cases they are not going to get a recommendation letter, so it is always good practice to […]

  • motal7 wrote a new post on the site The Payroll Thing 14 years, 7 months ago

    people spend more time at work than anywhere else and as a result sometimes get too comfortable with their colleagues. The best advice is not to contradict superiors for any reason, do not say things that you wouldn’t want heard (you never know who may be listening) and do not discuss politics, religion or sex. Especially […]

  • motal7 wrote a new post on the site The Payroll Thing 14 years, 7 months ago

    Well, here’s the thing. As strange as this sounds, there is no law that forces employers to pay employees who were on bereavement leave for family members. Now, most employers in the private sector are sympathetic and will pay the days in full even thought they may not be obligated to by law.  An employee’s right to payment […]

  • motal7 wrote a new post on the site The Payroll Thing 14 years, 7 months ago

    If you completed higher education or vocational training at a recognized university or college in Israel from 2008 and onwards, you may be eligible for a reduction in taxes. You need to fill out a 119 tax form and attach a photocopy of the degree / certificate as well as a letter from the academic institution, which specifies […]

  • motal7 wrote a new post on the site The Payroll Thing 14 years, 7 months ago

    So, what actually happens to your unused vacation days ? It really depends on the employer’s policy and whether you are continuing to work for the same employer. The vacation days are annual, but are actually credited each month proportionate to the actual hours worked (full – part time) Employees who are terminated or resign, any remaining unused […]

  • motal7 wrote a new post on the site The Payroll Thing 14 years, 8 months ago

    This is a true story. The names have been changed for obvious reasons. In 2004, Sharon was hired as a temp replacement. She was well liked and did her job to the employer’s satisfaction. 2 days before completion of 6 month’s tenure, it became known to the employer that Sharon was pregnant. She was fired on the […]

  • motal7 wrote a new post on the site The Payroll Thing 14 years, 8 months ago

    All employees are entitled to vacation days according to law. This is mandatory for all employers in Israel. The Annual Vacation law specifically states in paragraph 5 the days that shall not be counted as an employee’s annual vacation days: 1) Holidays (days that are not work days because of the holiday, but would have been if it weren’t […]

  • motal7 wrote a new post on the site The Payroll Thing 14 years, 8 months ago

    Soon to be released ! The first ever English language Employee’s Rights Handbook ! This comprehensive guide explains in layman’s terms the makeup of the Israeli payslip, how to read it, explained are the basic labor laws, sick leave pay, vacation, protection of salary, severance pay, women’s employment, overtime, minimum wage, youth employment, work and rest hours, retirement […]

  • motal7 wrote a new post on the site The Payroll Thing 14 years, 8 months ago

    If you are employed currently by  two employers you may be paying too much social security (Bituach Leumi) and health tax (Bituach Briut) from your secondary place of employment. First, it’s important to understand that for each place of employment you will need to pay Bituach leumi and Bituach Briut. There are two rates for each. The first rate is substantially […]

  • motal7 wrote a new post on the site The Payroll Thing 14 years, 8 months ago

    Usually, when an employee is owed severance pay, the last full payslip is the basis for the configuration of severance pay, or is it ? For an employee whose pay is monthly based – yes, proportionate to the % of position actually worked, of course. But, let’s say that an employee worked at a full-time position for 4 years and […]

  • motal7 wrote a new post on the site The Payroll Thing 14 years, 8 months ago

    The mandatory pension law was recently updated (Sept 7, 2010). Originally planned for gradual annual updates from 2008 – 2013, when the mandatory % will reach 15% (5% employee, 5% employer and 5% severance pay -employer) The new revision now ads another year (2014). Starting Jan 1, 2014 the mandatory pension will be 17.50% as follows: employee – 5.5 % employer […]

  • motal7 wrote a new post on the site The Payroll Thing 16 years, 1 month ago

    Many employees fear that if they owe money to a third party, that their employer can withhold salary owed them and forward the withheld sum to the third party. Well, I have some good news for those employees, and this isn’t something new, An employer can only withhold payroll from an employee according to explicit instructions via a […]

  • motal7 wrote a new post on the site The Payroll Thing 16 years, 5 months ago

     Due to the new tax brackets effective Jan 2009’s payroll, all salaried  employees will recieve an increase in their net pay. The following table shows the approximate increase based upon the gross pay. The pay increase is also incumberent on other info and may vary from employee to employee. This table is a general overview and […]

  • motal7 wrote a new post on the site The Payroll Thing 16 years, 5 months ago

      Monthly brackets  tax rates  Yearly brackets (*2)  up to 4,590  10 %  up to 55,080  from 4,591 to 8,160  15 %  from 55,081 to 97,920  from 8,161 to 12,250  23 %  from 97,921 to 147,000  from 12,251 to 17,600  30 %  from 147,001 to 211,200  from 17,601 to 37,890  34 %  from 211,201 to 454,680  from each additional shekel  46 %  from each additional shekel  * 1) personal toil – salaried employees only. self employed and income not […]

  • motal7 wrote a new post on the site The Payroll Thing 17 years, 1 month ago

    The dynamics of salary negotiations in Israel are very different than what is acceptable practice in other countries, for example the USA. It starts with the employer’s attitude, which is to get as much information out of each candidate as possible while at the same time giving candidates as little information as possible. There are employers who […]

  • motal7 wrote a new post on the site The Payroll Thing 17 years, 1 month ago

    An update in the reserve duty soldiers’ compensation pay formula has been released on April 16th 2008. The new compensation formula has improved the pay they will receive for their reserve duty service and the Social Security (Bituach Leumi) laws have been amended accordingly as well. This amended law will go into effect on August 1, 2008. the […]

  • motal7 wrote a new post on the site The Payroll Thing 17 years, 3 months ago

    The current mandatory health tax (or bituach briut in hebrew) was introduced in order to ensure that everyone has medical insurance coverage. In fact, it has caused quite a burden on those who are salaried workers. In addition to having an additional 4-5% of your gross pay deducted from your payslip, it doesn’t give you anything in […]

  • motal7 wrote a new post on the site The Payroll Thing 17 years, 4 months ago

    There are several things to take into account before discarding your payslips: 1. Make sure  you have your annual 106 form, which is a proof of employment for tax, social security and any other official purpose. 2.  The law for outdated material is 7 years, so keep at the very least your last 7 years’ payslips.  While some people […]

  • motal7 wrote a new post on the site The Payroll Thing 17 years, 4 months ago

    Israeli Taxes on salaried employees are outrageous. This is no secret. It has been that way since the bulsheviks started running the new state in 1948, and maybe even before that. Since we live in the only Democrapic (from the word crap – there’s lot’s of it folks !) country in the middle-east, where everyone who […]

  • motal7 wrote a new post on the site The Payroll Thing 17 years, 4 months ago

    For all of you who are accepted as a new employee: Read this important info before you start work  When an employer gives on the job training, he is required by law to pay the employee for training hours. Training hour rates can be lower than hourly rates for those who have […]

  • motal7 wrote a new post on the site The Payroll Thing 17 years, 7 months ago

    yes, it’s true ! you work your butt off and when you get your pay slip you discover that someone else has "latched on" to your pay check ! and i don’t mean your spouse ! the Israeli government seems to think that all the citizens are it’s slaves and therefore they act like an employment agency, in […]

  • motal7 wrote a new post on the site The Payroll Thing 17 years, 7 months ago

    know what your rights are by law and how to stand up for them firmly and proudly. many employees, especially olim are tkaen advantage of by employers becuase they aren’t aware what benefits and salary they are entitled to by Law, statute or regulation. infrigement on these by an employer is a serious crime which is punishable […]

  • motal7 wrote a new post on the site The Payroll Thing 17 years, 8 months ago

    Many Anglos I have met over the years have trouble understanding the Israeli Tax laws for non-self employed citizens. In addition to dealing with understanding Hebrew, they need to deal with understanding what the deductions on their Payslip are and how they were calculated. many employers do not have a Payroll Comptroller who is patient enough and who […]

Recent Posts

  • Elderly citizen’s law
  • Now taking orders – salaried employee’s tax exemption and deductions booklet
  • Social Security reconciliation
  • The Pension Test
  • New mandatory area tax

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