Imortant message for OLIM
New immigrants (OLIM) are exempt from tax on all income and capital gain derived outside of Israel for ten years. This tax exemption covers all income, active or passive, such as interest, dividends, pensions, royalties and rental of assets. All income, whether from the realization of assets and investments abroad or from regular income abroad, is tax exempt, also new immigrants are exempt from reporting their tax exempt income and foreign assets for ten years. Romano Blanga & Co. specialize with handling all tax issues concerning Olim Hadashim and senior returning residents.