Debt securities - rates, eligibility, availability of relief etc. - Israel
Withholding tax
Standard rate on debt securities | 0% - 23% |
Holding restrictions | Yes |
Interest on Israeli Government bonds issued on or after 8 May 2000, Treasury bills and corporate bonds is not subject to withholding tax in Clearstream Banking and is systematically paid gross with no action required from the customer or beneficial owner to obtain exemption.
Only government bonds issued before 8 May 2000 are subject to 23%.
Government bonds issued before 8 May 2000 | Holding restriction? | Withholding tax rate | Relief at | Quick | Standard |
Yes | 23% | ||||
Residents of Double Taxation Treaty (DTT) countries | Yes | No | No | ||
Exempt entities | Yes | No | No | ||
Israeli financial institutions acting as intermediaries (not beneficial owners) | Yes | No | No | ||
Customers are reminded that it is their responsibility to ensure that final beneficial owners are eligible for the tax rates applied, including the Clearstream Banking default rates.
It is the customer's responsibility to comply with this obligation. Neither Clearstream Banking nor its local depository has any direct or indirect liability towards the Israeli authorities in this regard.
Availability of relief through Clearstream Banking
