1.1ÌýÌýÌýÌý Introduction: overview of the domestic payroll system
The tax year in Israel is the calendar year.
The currency in Israel is the Israeli shekel (NIS).
Israel Tax Authority (ITA) administers the tax system.
The relevant laws relating to the employment of employees and controlling payroll include:
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•ÌýÌýÌýÌý Wage Protection Law 5718-1958
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•ÌýÌýÌýÌý Income Tax Regulations (Deduction from Salary and Wages) 5753-1993
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•ÌýÌýÌýÌý Income Tax Ordinance [New Version] 5721-1961
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•ÌýÌýÌýÌý National Insurance Law 5755-1995
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•ÌýÌýÌýÌý Hours of Work And Rest Law 5711-1951
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•ÌýÌýÌýÌý Notice to Employees and Job Candidate Law (Employment Conditions and Candidate Screening and Selection) 5762-2002, and Notice to Employee Regulations (Working Conditions) (Form
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