The amending protocol to the 1962 income tax treaty between Israel and the UK entered into force on 28 October 2019. The protocol, signed 17 January 2019, is the second to amend the treaty and includes the following changes: The preamble to the treaty is updated in line with BEPS recommendations; A new article on the treatment of income and gains of transparent entities is added as Article I, with the existing Article I (Taxes Covered) renumbered as Article IA; The Article on Taxes Covered is updated with the removal of "surtax" in relation to UK income tax and the...