Government announces five-year tax exemption for olim arriving in 2026

Aliyah and Integration Minister Ofir Sofer and Finance Minister Bezalel Smotrich announced the government's intention to grant a five-year income-tax exemption to new immigrants and returning residents who relocate to Israel in 2026. The proposal would apply to Israeli earned income from 2026 through 2030, subject to annual caps, and the Knesset advanced the bill.