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Israel's Tax Reform Aims to Attract Immigrants by 2026

11/6/2025

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Summary

Story summary

Israel's government will implement a tax reform in 2026 to attract immigrants and returning residents.
Newcomers receive zero-percent income tax for two years, rising to 30% by 2030 for incomes up to NIS 1 million.
Bezalel Smotrich, Israel's Finance Minister, calls the plan a revolution in immigration policy.
Officials say the reform includes a 10-year exemption on foreign income and will support Israel's economic growth and immigrant integration.

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Story summary

Israel's government will implement a tax reform in 2026 to attract immigrants and returning residents.
Newcomers receive zero-percent income tax for two years, rising to 30% by 2030 for incomes up to NIS 1 million.
Bezalel Smotrich, Israel's Finance Minister, calls the plan a revolution in immigration policy.
Officials say the reform includes a 10-year exemption on foreign income and will support Israel's economic growth and immigrant integration.