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Australia Lower House Approves Pending Tax Treaty with Israel

30 October 2019

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Treaty Development

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Australia-Israel

On 24 October 2019, Australia's House of Representative (lower house of parliament) approved the bill for the ratification of the pending income tax treaty with Israel. The treaty, signed 28 March 2019 ({News-2019-04-01/T/2-previous coverage}), is the first of its kind between the two countries and will enter into force once the ratification instruments are exchanged.  It will apply in Israel from 1 January of the year following its entry into force and will apply in Australia in respect of withholding taxes from 1 January next following its entry into force, in respect of fringe benefits tax from 1 April next following...