Israel: Facebook to pay millions in class action settlement

The District Court of Tel-Aviv (Judge Yitzhak Inbar) recently accepted a settlement agreement in a putative class action suit against Facebook. According to the settlement agreement, Facebook will pay 9 million NIS (approximately 2.4 million US Dollars) and will change the mechanisms through which it lets users send invitations to join the social network. The cause of action underlying the ...

The State will collect VAT for online services offered by foreign companies

The Israeli Tax Authority at the Israeli Ministry of Finance has released a draft bill proposing amendments to the Israeli Value Added Tax (VAT) law such that foreign companies established abroad who provide internet-based services to Israeli customers will be required to pay VAT to the Israeli Tax Authority. The draft bill lists electronic services, communication services, radio and television ...

New Israeli Guidelines for Taxing Foreign Companies Active Online

Yesterday (April 11, 2016), the Israeli Tax Authority published circular 4/2016 concerning “Online Activities of Foreign Corporations in Israel”. The circular - which is groundbreaking in Israeli law - explains the scenarios in which a foreign entity will be taxed under the Israeli tax regime for its income originating from sale of goods or provision of services to Israelis over ...

Coming Soon: A Health Information Card for Every Israeli Patient

The Israeli Minister of Health, Mr. Ya’akov Litzman, announced his plan to promote the issuance of a uniform medical card that will consolidate all medical information about a patient, including information regarding treatments, medical tests, medications and medical history. The card is designed to allow all health providers and hospitals in Israel consolidated access to a patient’s medical information in ...

Second Draft of Circular on Cyber Risk Management in Institutional Entities

The Department of Capital Market, Insurance and Savings at the Israeli Ministry of Finance recently published a second draft of its circular on cyber risk management in institutional entities, revising the first draft it published in October 2015. According to the explanatory notes issued by the ministry, the second draft emphasizes the “cyber threats concept” in which information security and ...

Israeli Credit Data Bill Headed for Final Enactment into Law

The Economic Affairs Committee of the Knesset (the Israeli Parliament) has approved the proposed Credit Data Bill, 5776-2015 for second and third (final) reading at the Knesset. The bill seeks to enhance competition in the Israeli consumer credit market, by establishing a central database at the Bank of Israel (Israel’s central bank) with information concerning the creditworthiness of Israelis. The ...

Israel has Established a National Program for the Prevention of Internet Crime Against Children

The Israeli government has unanimously approved the proposal of the Minister of Public Security, Gilad Erdan, for the establishment of MAOR – a national program for the prevention of online violence and crime against children and teens. The new project will be a combined array of citizens and the Israeli Police. It will promote the enforcement and prevention of crime ...