I’m an indirect tax lawyer, including EU VAT (although not your VAT lawyer)… but if I was in a situation where I needed an Estonian VAT ID (why?) and I couldn’t just register, then I’d look into receiving an invoice from outside of Estonia for something with the “place of supply” being Estonia… You’ll probably find that you’d have to register for VAT in order to report that reverse charge VAT… Not VAT/tax advice, just throwing in a bone - might be helpful… but again, why the need for a Estonian VAT number?

Hey yall. Looking for a nomad tax professional to help me craft an international/offshore banking solution. I have US and EU citizenship if that helps you recommend.

Israel Tax Opportunities Summary 🇮🇱

Met with the head of one of Israel's top law firms today. Here is a summary of the conversation:

Overall it is a high tax country, with some tax benefits

Personal: up to 48% tax, plus surplus that has been extended for the last years
Corporate: 23%, dividend rate depends if under 25% shareholding. Dividend tax 25-33%

Benefit 1: Rentals
Rental income 10% gross tax at personal level for residential properties, not commercial. If you have many expenses on a year, you can elect to tax on the profits only for that year = no tax

Benefit 2: Creating real business in the country
If investing in Israel with employees and keeping know-how locally - corporate tax rate in single digits, dividends for non-residents 15%

Benefit 3: Law of Return
For descendants of Jews that want to move to Israel, not only you get citizenship, but also 10 years exemption on all foreign incomes for returning jews who become Israelis, for incomes established before they become israelis.

Counts if transfer for asset purchase was initiated before. Doesn't get cancelled if you move out after. Counts EVEN for israeli investment if it was done before they move.

Example 1: Client moves to Israel. In the following year, he starts the purchase of a property. He will pay tax on this rental, even if the property is abroad

Example 2: Client moves to Israel. In the year before, he transferred the money to a Portuguese bank account. The purchase of the property occurs after he becomes Israeli. Rentals are not taxed

Example 3: Client invests in an Israeli startup before he becomes Israeli. Tax benefits of the law of return still apply even if he becomes Israeli.

Benefit 4: No inheritance tax

So main targets:
Investors for real estate
Invest in startup
Jewish law of return
Die in Israel and avoid inheritance tax

Also - higher income exemption amount for retirees and disabled

There is an exemption on first home sale of 1.5 million usd

Company opening takes 3 days

Registered address planning is very important for companies, tax compliance is stricter or more relaxed depending on municipality

For inquiries/consultancies of specific questions, makes sense to get confirmation with local tax authorities to protect against criminal issues

Israel is VERY strict against fraudulent expenses for business, its worse than not declaring income. declaring false up to 15 years in jail, not declaring usually up to 3-10.

Israel can go back the last 4 years of declarations for tax matters, but up to 10 years for criminal matters (such as money laundering, fraud)