In a relatively short period of time, Israel has created a modern national economy that has undergone enormous changes throughout the years. Initially the economy was based on agriculture, commerce, and light industry. Today, the nation boasts internationally competitive industries in hi-tech, research and development, communications, and medical technologies. The country's achievements have come about despite several shortages of natural resources. Israel is actively pursuing development of technology-oriented industries and continues to emphasize export-oriented growth. Over the past few years, there has been a growing trend towards increased privatization, with some sectors of the economy shrinking while others expand.
At the same time, however, it is important to note that the Israeli job market is vulnerable to world trends and economic forces, as well as domestic fluctuations. As a result, varying degrees of opportunities exist at any given time.
(Excerpt taken from the Employment booklet published by the MOIA.) www.moia.gov.il
New Immigrant Income Taxes
Description: Very discounted income tax payments.
Advise your employer that you are an Oleh. Timetable: Almost 100% reduction of income tax rates for the first 18 months after Aliyah, followed by lower, but still significant, reduction in income taxes until 3.5 years after Aliyah.
Click one of these links for a PDF from the MOIA about your Profession in Israel