|International Tax Rules||33||55.5|
Israel ranks 31st overall on the 2019 International Tax Competitiveness Index, one spot worse than in 2018.
- Israel has a below-average corporate tax rate of 23 percent (OECD average is 23.6 percent) and allows net operating losses to be carried forward indefinitely.
- The VAT rate is relatively low at 17 percent and applies to a broad base.
- Israel does not levy net wealth or estate taxes.
- On average, compliance with the corporate code takes 110 hours (compared to an OECD average of 42 hours).
- The progressivity of Israel's taxes on labor means that it costs the economy $1.70 for every extra dollar of revenue that Israel raises from labor taxes.
- Israel has a worldwide tax system and a relatively narrow tax treaty network, with 56 countries.