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    Media Center / News

    Globes | Treasury can expect tax bonanza from Wiz sale

    July 15, 2024

    Tax

    Racheli Guz-Lavi

    According to estimates, the state is expected to receive between $2.5 billion and $3.5 billion in taxes from the transaction, and Israeli shareholders will incur the tax liability.

    Adv. (CPA) Racheli Guz-Lavi, Managing Partner and Senior Tax Partner at our firm, explains: “The company’s development center is in Israel, but it is registered in the US and its head office is in New York. Therefore, foreign investors in the company, including foreign venture capital firms, will have no tax liability in Israel. Nevertheless, a large amount of tax will still be paid by the founders and the Israel-resident investors, and by Israeli employees who have received stock options”.

    Click here to read more.