| The function of the municipalities in the State of Israel is to provide various services to their residents, nationally and locally. In the past the Ministry of Interior would remit grants to the local municipalities, allowing them to balance their budgets but now it is the responsibility of each municipality to balance its budget and rely on independent sources of income. Due to this fact a large number of municipalities do not have a balanced budget and most have accumulated deficits. |
As part of their efforts, the municipalities take the measure of "stretching the assessment" for the purpose of increasing the base upon which they calculate municipal taxes... In many cases they go beyond what is permissible by law in a manner which reflects on past debits despite rulings from the Supreme Court prohibiting this. The Municipal Taxation department in Deloitte Brightman Almagor Zohar specializes in consulting, tax planning and tax savings measures to clients with regard to municipal taxation and checks for exaggerated, erroneous debits and those that are not in accordance with legislation. These consultations are necessary for all companies whose municipal taxes, diverse fees and levies constitute a material component of their business expenses and will allow them great savings. Range of responsibilities of the department: The department employs the top leading specialists in the fields: economics, appraisals, authorized real estate surveyors, certified public accountants and lawyers.
The expense of the service to clients of the firm constitutes an attractive alternative in comparison to the market-related expense.
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| For more information please contact:
Zvi Friedman
Partner
Leader of the Tax services
Tel: +972 (3) 608 5509
zfriedman@deloitte.co.il |
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