EYIsraeli Court rules on reclassification of trademark transaction between a shareholder and its company and the arm’s-length return on R&D services
|Tax Alerts, National/Federal Taxation, T ...|Israel
Executive summary
The Israeli Jerusalem District Court (the Court) ruled, on 16 August 2021, in the case of Sephira & Offek Ltd and Israel Daniel Amram vs. Jerusalem 3 Assessing Officer on the reclassification of a transaction in which a New Immigrant1 sold, in a tax exempt transaction, its French-registered trademark (SEPHIRA) to its wholly-owned Israeli company (the Company), following w…
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