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Israel at 60: Tax benefits for olim and returning residents

By Leor Nouman and Chaim Wigoda

Tel Aviv — Moving to a new country can be stressful; particularly a country with a difference climate, culture and primary language. In an effort to increase aliyah from North American, the Isreali government is taking an active role in improving that situation for potential olim and former Israeli residents.

The number one reason for an unsuccessful aliyah is because of the financial strains placed upon the oleh.

To battle the financial strains, the Knesset ratified a new law on September 16, 2008. Back-dated to 2007, olim and returning residents (people who lived abroad for more than 10 consecutive years) now have several new entitlements available to them.

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