Most of the employees in Israel are entitled to an income tax refund. Tax refunds for employees derive from a lack of awareness of the full range of tax benefits that are provided by law and mainly due to the complexity of the taxation system. These factors create unavoidable discrepancies in the tax calculation.

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A tax refund can be claimed up to six years prior to the last tax year, plus a 4% interest and linkage (as of the year of the tax refund).

For earlier years, no tax refunds can be claimed due to a statute of limitation.

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So what can make you eligible for a tax refund?

 

Work Reasons:

Cease of work, change of work, a raise, retirement, etc.

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Personal Reasons:

Deposits for a Pension fund / life insurance, stock market investments, donations, children, single parenthood, academic studies, real estate taxtion and more.

 

Medical Reasons:

Parents of children with learning disabilities or those with special needs, special medical Issues, payments to maintain a relative in a medical institution, etc.

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Submitting an income tax refund through a tax expert with proven experience ensures you will get a maximum refund which can amount to thousands of NIS.