Amendments to the income tax law clarified that mutual termination agreements should benefit from income tax exemption within the limit of the mandatory severance payments amount to which the employee is entitled on termination. The exceeding amount should not benefit […]
Amendments to the income tax law clarified that mutual termination agreements should benefit from income tax exemption within the limit of the mandatory severance payments amount to which the employee is entitled on termination. The exceeding amount should not benefit from income tax exemption.