Incredimail 2013 Annual Report Download - page 125

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PERION NETWORK LTD. AND ITS SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
U.S. dollars in thousands (except share and per share data)
Taxable income of Israeli companies is subject to tax at the rate of 25% in 2013 and in 2012 and 24% in 2011. On July
2013 the economic plan for 2013-
2014 was approved. Its main purpose is to deepen collecting taxes in those years. It
includes among other fiscal changes, raising taxable income of Israeli companies from 25% to 26.5% in 2014 and
onwards.
Non-Israeli subsidiaries are taxed according to the tax laws in their respective countries of residence.
NOTE 10:-
INCOME TAXES (Cont.)
b.
Corporate tax rates in Israel:
c.
Income taxes of non
-
Israeli subsidiaries:
d.
Tax reports filed by the Company and its subsidiaries in Israel through the year ended December 31, 2011 are considered
final. The U.S tax returns of the U.S subsidiaries Smilebox and Incredimail Inc. remain subject to examination by the U.S
tax authorities for the tax years beginning on December 31, 2010.
F
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32