Lior Pick, Adv. (C.P.A. (Isr.)) TEP
- It is a known fact that 132nd amendment of the Income Tax Ordinance (further referred to as “the Reform Law”) practically constituted a revolution in the field of taxation of Mutual funds in Israel and of the owners of their units. Pursuant to the recommendations of “Rabinovich Committee” on the issues of taxation of capital markets, the Reform Law has revoked tax arrangement as it was set in Law of Joint Investments in Mutual Funds as of January 1, 2003.