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Israel (179) > Administration and financing (1)

Name: Parallel Tax Law, 5733-1973
Country: Israel
Subject(s): Administration and financing
Type of legislation: Law, Act
Adopted on: 1973
Entry into force:
ISN: ISR-1973-L-36160
Bibliography: Labour Laws, 1993-01, State of Israel, Ministry of Labour and Social Affairs, Department of Labour Relations, Jerusalem, Israel, pp. 256-262
Abstract/Citation: 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.

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