A new agreement, signed with Israel on 17 January 2019, is set to boost investment between the UK and the Middle Eastern country.
The Protocol to the UK/Israel double tax treaty will facilitate investment in Israel by UK companies in a number of ways, including a reduction in the rates of Israeli tax payable on dividends paid from Israeli companies to the UK. Israeli investors into the UK will benefit from the same reductions on UK tax.
It also introduces modern anti-avoidance provisions that ensure only those companies engaged in genuine business activity can benefit from the treaty, and allows for the exchange of information between the UK and Israel.
For full details read the full HM Treasury statement.
For further information, please speak to your usual PwC adviser.
