Israel – Tax Rates

Jan 1, 2014

 

Generally speaking, individuals in Israel are taxed at a higher rate than in the United States. As of 2013, income tax rate for an individual in Israel:

 

Tax % Income (ILS)
10% 1 – 62,400
14% 62,401 – 106,560
21% 105,561 – 173,160
30% 173,161 – 261,360
33% 261,361 – 501,960
48% 501,961 +

 

Israel social security payments have a monthly ceiling of 41,850 ILS. The rates are:

Employer – 5.4%

Employee – 12%

Self-employed – 9.8% for monthly income up to 5,171 ILS; 16.2% for monthly income between 5,172 ILS and 41,850 ILS

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