Overview
- The schedule sets 0% income tax for new olim in 2026–2027, rising to 10% in 2028, 20% in 2029 and 30% in 2030.
- Benefits apply to earnings up to ₪1 million per year and come in addition to the existing 10-year exemption on foreign income and standard immigrant tax credits.
- The reform was launched at a joint event with Nefesh B’Nefesh attended by Finance Minister Bezalel Smotrich, Aliyah Minister Ofir Sofer and senior finance and aliyah officials.
- Smotrich framed the move as a Zionist effort to attract skilled professionals and investors, calling 2026 “a year of aliyah” and urging Jews abroad to move to Israel.
- The measure is packaged in the upcoming state budget, with supporters expecting quick progress but formal legislative and regulatory steps still pending before a 2026 start.