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    Tax Advantages in the US and Israel

    U.S Tax advantages and disadvantages

    As American with dual citizenship living in Israel we are exposed to the advantages and disadvantages of the tax rate differences between the United States and Israel on different types of income.

    On the one hand, as American citizens holding a Social Security Number, a vast world of investments is available to us in the United States and we are able to use the tax differences between the countries to our advantage, earning more on every investment we make.

    On the other hand, we need to be very cautious of situations where double taxation may occur on income earned in Israel.

    Please note: the tax treaty between the United States and Israel determines that in cases where the tax rate in Israel for a certain type of income is lower than the tax calculated on your tax return for that type of income- you must pay the difference.

    Our goal is to supply the tools that will allow you to make an informed decision of where it is more beneficial for you to invest, depending on the specific income type, what you should “beware of”, and how to preplan you taxes in order to avoid double taxation


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      Contributing to the Community

      Us, at VirtueTax believe that beyond excellence in providing professional services toour clients, we must assist and support those in Israeli society whose fate has not improved.Our vision includes business entities and social entities joining hands together and having a shared sense of drive to promote all aspects of Israeli society. Therefore, we have a deep commitment to both Israelis in need and to voluntary bodies focused on helping them. As part of this mission, the company purchases and delivers essential products to those in need in cooperation with organizations such as the “Association for a Turnaround in Education”. Our additional area of activity focuses on transferring funds as donations to animal shelters such as “Jerusalem loves animals” and “Mateh Yehuda loves animals”. We believe that our active involvement in Israeli society, provides not only an important service to the community, but also improves our professional teams.

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