High-Tech and bio-tech companies located in Jerusalem are entitled to a reduced income tax of 7.5% in contrast to most areas where the rate is set at 12%.
Who is eligible?
Companies that are under the provisions of the Encouragement of Capital Investments and located in Jerusalem are entitled to tax benefits of a reduced corporate tax rate of 7.5% instead of the regular corporate tax rate of 12%
What are the relevant criteria to receive this benefit?
Companies must be recognized as Industrial and Competitive Enterprise. A Competitive Enterprise must export at least 25% of its revenues.
Contact Moshe Kaptowsky at Moshek@jda.gov.il if you have questions or when you are ready to apply.
