A number of tax-related changes are introduced in Israel for 2017 as part of reforms approved by the Knesset (parliament) at the end of December 2016. The main changes, which generally apply from 1 January 2017, are summarized as follows. Corporate and Individual Tax Rates The corporate tax rate is reduced from 25% to 24% in 2017, and will be further reduced to 23% in 2018; The individual income tax brackets and rates are adjusted as follows: up to ILS 74,600 - 10% ILS 74,601 up to 107,040 - 14% ILS 107,041 up to 171,840 - 20% ILS 171,841 up...