Returning citizens
Encyclopedia
A returning citizen is a term used in Israeli tax law
Taxation in Israel
Taxation in Israel is divided into several areas, corporate tax, income tax, stamp duty, various municipal taxes, and VAT. Israel is currently undergoing a system of tax reform, lowering the tax rates for all its citizens. Israel's tax system is based primarily on the British system, as a result...

 and life. To qualify as a returning citizen you must meet one of the following categories:
  • Resided overseas for at least 10 years from the date they left Israel
    Israel
    The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...

  • Resided overseas for 5 years and returned to Israel during 2007-2009
  • Were considered foreign residents on January 1 2007


Once given this status, the bearer receives certain benefits from the state in terms of tax (see taxation in Israel
Taxation in Israel
Taxation in Israel is divided into several areas, corporate tax, income tax, stamp duty, various municipal taxes, and VAT. Israel is currently undergoing a system of tax reform, lowering the tax rates for all its citizens. Israel's tax system is based primarily on the British system, as a result...

). Special benefits also exist for returning scientists, and entrepreneurs.

The law was introduced in order to persuade many Israelis, who had made yerida
Yerida
Yerida is a Hebrew term referring to emigration by Israeli Jews from the State of Israel. Yerida is the opposite of Aliyah , which is immigration to Israel...

 (A jew who has left the state of Israel) to return. The special support granted to scientists and entrepreneurs reflects a desire to further business
Economy of Israel
The economy of Israel is a technologically advanced market economy, including a rapidly-developing high-tech and service sectors. As of 2010, Israel has the 24th largest economy in the world, and ranks 15th among 169 world nations on the UN's Human Development Index, which places it in the category...

 and support the country's already large High-Tech Industry
Industry
Industry refers to the production of an economic good or service within an economy.-Industrial sectors:There are four key industrial economic sectors: the primary sector, largely raw material extraction industries such as mining and farming; the secondary sector, involving refining, construction,...

.

References:
  • http://israel.gov.il/FirstGov/TopNavEng/PageReturnHomeEng.htm
  • http://www.moia.gov.il/Moia_en/ReturningCitizens/WhoIs.htm
  • http://www.israeltaxlaw.com/PAGE47.asp
The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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