December 26, 2014
The Israeli Tax Authorities published an announcement last night postponing the original date of December 31, 2014 for registration and submission by "Family" Trusts of the forms for election of the appropriate tax route (i.e., either 25% or 30%).
The new date is now June 30th, 2015 or the date of signing an "interim arrangement”, whichever is earlier.
We strongly recommend that trustees register the trust and submit trust tax returns as soon as possible.