Examples of Israeli Tax Ordinance in a sentence
The Committee shall have the power to impose such other restrictions on Incentives as it may deem necessary or appropriate to ensure that such Incentives satisfy all requirements for “performance-based compensation” within the meaning of Section 162(m)(4)(C) of the Code or any successor provision thereto, Section 102 of the Israeli Tax Ordinance or any other applicable tax law provision.
Section 77 of the Israeli Tax Ordinance, in its current version, permits the director of the Israeli Tax Authority (the "Director") to order a company to distribute its undistributed profits to the extent that the terms of the section have been fulfilled, including: a.
The Committee shall have the power to impose such other restrictions on Awards as it may deem necessary or appropriate to ensure that such Awards satisfy all requirements for favorable tax treatment under Section 162(m)(4)(C) of the Code, Section 102 of the Israeli Tax Ordinance or any other applicable tax law provision.
On February 26, 2022 Alma and Nova received the approval from the Israeli Income Tax Authority effective as of December 31, 2022 for the merger of Nova into Alma under section 103 to the Israeli Tax Ordinance.
Individuals who are eligible to participate in the plan include (1) employees of the Company and its affiliates (who are only eligible for options granted pursuant to the capital gains tax route of Section 102 of the Israeli Tax Ordinance (the “Ordinance”)), (2) non- Company employees (who are only eligible for options granted pursuant to Section 3(i) of the Ordinance), and(3) controlling shareholders of the Company (who are only eligible for options granted pursuant to Section 3(i) of the Ordinance).
The Company has established a Plan and Trust (the “Section 102 Program”) that is intended to provide the Employee with the ability to obtain certain tax treatment under Section 102 of the Israeli Tax Ordinance (New Version), 1961 as amended from time to time and the rules and regulation promulgated thereunder (“Section 102”) with respect to the Restricted Stock Units awarded under this Agreement.
For such option holders the provisions of the Israeli Tax Ordinance or any other provisions given by the Israeli Tax Authority under separate specific ruling (if any) shall applyNOTE THAT THERE IS NO ASSURANCE THAT SUCH TAX RULING WILL BE OBTAINED FROM THE ISRAEL TAX AUTHORITY PRIOR TO THE CONSUMMATION OF THE TRANSACTION, NOR THAT, IF IT IS OBTAINED, IT WILL PROVIDE THE FOREGOING.
Neither the Company nor its Subsidiary has received any “reportable tax opinion” or taken any “reportable position,” all within the meaning of Sections 131D and 131E of the Israeli Tax Ordinance, Sections 67C and 67D of the Israeli Value Added Tax Law, 1975, as amended, Section 231(e) of the Customs Ordinance [New Version] 5717-1957 and Section 21(c) of Fuel Excise Law, 5718-1958.
Options granted under the 2000 Plan may or may not contain such terms as will qualify such options for the special tax treatment under section 102 of the Israeli Tax Ordinance (‘‘Section 102’’).
In accordance with the aforementioned regulations, the Company files its income tax returns in US dollars.b. Tax rates applicable to the Group:In the beginning of January 2016, the Law for the Amendment of the Israeli Tax Ordinance was published (Amendments to Legislation for the Achievement of the Budget targets for the 2017 and 2018 Budget Years), which set a further reduction of corporate tax from 25% in 2015 to 23% in 2018 and thereafter.