BRP Country Manual Trustee
Israel
| SOURCE OF CHANGES | ANSWERS |
|---|---|
| Law/Regulation | No |
| New Position of the Authorities | No |
| Evolution of Expert’s interpretation | No |
BRP has published its latest Country Manual Trustee for
Israel
Regulatory Summary and Behaviour Template
Material changes
The content has been reviewed to ensure that all documents remain accurate and in line with the interpretation of the current legal framework.
With regard to Trustee activities, we can confirm that there have been no relevant regulatory changes since the last publication of this Country Manual.
Otherwise, tax rules have been introduced in 2024 regarding reporting obligations to the Israel Tax Authority concerning in particular “controlling individuals”, “New Israeli Residents” and “Veteran Returning Residents”, which has led to changes in the dedicated section (Chapter F). More generally, the legislative changes regarding Payment Services and the draft changes proposed on broker-dealer activities in the Securities Law have been highlighted.
Non-material changes
Some comments and content have been slightly reworded (without introducing material changes) to reflect the regulatory situation/current interpretation of the regulatory framework more accurately.
For more information, please contact us: info@brpsa.com
Geneva, May 23rd, 2025