||Parallel Tax Law, 5733-1973
||Administration and financing
|Type of legislation:
|Entry into force:
||Labour Laws, 1993-01, State of Israel, Ministry of Labour and Social Affairs, Department of Labour Relations, Jerusalem, Israel, pp. 256-262
||Provides that an employer shall, for every one of his employees who is a resident of Israel and for whom he is liable to pay National Insurance contributions, pay a parallel tax at a specified rate of the income of the employee. A self-employed persons shall himself pay the parallel tax. This does not affect the obligation of an employer to pay parallel tax for a former employee entitled to retirement pension. Where an employer is liable to pay parallel tax to a sick-fund for his employees under a collective agreement, contract of employment or any other agreement, the parallel tax he is liable to pay under this Law shall be deducted from such payment.