Deposition with a trustee pursuant to Section 102 of the Income Tax Ordinance – Clarification
The full update (in Hebrew) is available through the PDF icon.
Regulations approved in May 2012 place a limit on the “redemption fee” which companies supported by the Israeli Office of the Chief Scientist must pay in the event of an overseas transfer of know-how. These regulations are aimed at providing OCS-supported companies greater certainty regarding the consequences of international transactions, while preserving the statutory incentives to keep Israeli R&D operations and the resulting know-how in Israel.
The full update is available through the PDF icon.