Israeli Trust Taxation

A significant Israeli tax reform with respect to taxation of trusts came into effect in 2006, the "Trust Regime" distinguished between several kinds of trusts:
Israeli Resident Settlor Trust (IRST), Foreign Resident Settlor Trust (FRST), Foreign Resident Beneficiary Trust (FRBT), and a Testamentary Trust.

Amendment 197 (2014) revised the previous trust classification, and set forth instead six different classifications.

Separate reporting duties are applied to each trust classification.