Get Tofes 101

Form 106 – An annual concentration of all salaries paid to the employee that year each month. Various documents for changes in marital status, place of residence, retirement provision and any other factor that will help with the tax deduction.

Any employee that receives an Israeli Work Visa and is employed in Israel must be compensated ing to Israeli law. All employees receive a range of benefits in addition to salary, including, sick days, vacation days, national health insurance, social security, severance pay, pension and transportation.

ing to the regulations of the Israel Tax Authority (which is responsible for income tax deductions from salaries and wages), every employee upon starting a new job and/or at the beginning of every year, must complete “Tofes 101”.

Form 106 – An annual concentration of all salaries paid to the employee that year each month. Various documents for changes in marital status, place of residence, retirement provision and any other factor that will help with the tax deduction.

In Israel employees who are being dismissed are entitled to severance pay upon completing one year of service. The severance pay is calculated at one month's salary multiplied by the number of years of employment (including work for part of a year).

The employer's contribution rates (current as of January 2023) for Israeli-resident employees are 3.55%, up to monthly income of ILS 7,122, and 7.6% on the difference between ILS 7,122 and the maximum monthly income of ILS 47,465.