Incredimail 2010 Annual Report Download - page 106
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INCREDIMAIL LTD AND ITS SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 9:
-
INCOME TAXES (Cont.)
d.
A reconciliation of the Company's effective tax rate to the statutory tax rate in Israel is as follows:
Year ended December 31,
2008
2009
2010
U.S. dollars in thousands, except for
per share data
Income before taxes on income
$
4,714
$
11,558
$
11,621
Statutory tax rate in Israel
27
%
26
%
25
%
Theoretical income tax expense
$
1,273
$
3,005
$
2,905
Increase (decrease) in tax expenses resulting from:
"Approved Enterprise" benefits
(236
)
(4
)
-
Non
-
deductible expenses
374
232
230
Previous years taxes
(234
)
185
-
Losses (gains) from marketable securities and ARSs for which valuation
allowance has been provided
(1,065
)
22
-
Other
177
105
97
Taxes on income
$
289
$
3,545
$
3,232
Year ended December 31,
2008
2009
2010
U.S. dollars in thousands, except for
per share data
Benefit per Ordinary share, resulting from "Approved Enterprise" status:
Basic
$
(0.06
)
$
-
$
-
Diluted
$
(0.06
)
$
-
$
-
e.
Income taxes are comprised as follows:
Year ended December 31,
2008
2009
2010
U.S. dollars in thousands
Deferred tax (benefit) expense
$
(216
)
$
1,515
$
(385
)
Current taxes
739
1,845
3,617
Previous years taxes
(234
)
185
-
$
289
$
3,545
$
3,232
F
-
23