For all of you Yeul Sachir folks who need to do a Teum Mas (coordination of income tax) Here is a great explanation

For all of you Yeul Sachir folks who need to do a Teum Mas (coordination of income tax) Here is a great explanation.

A Tium Mas (coordination of income tax) is the authorization by Mas Hachnasa (the Income Tax Authority) to one or more employers as to how much income tax is to be withheld by each from the employee's salaries. When an individual earns a salary from more than one source, it becomes necessary to obtain a Tium Mas in order to ensure that the proper tax will be withheld in total from all salaries.

In the absence of a Tium Mas, an employer who knows that an employee receives a salary from another employer is required to withhold income tax at the highest income tax rate. Alternatively, if too little tax is taken, penalties may accrue.

Individuals can now obtain a Tium Mas online at: https://www.shaam.gov.il/shteummas

The employee must include the employers’ names, addresses and Tik Nikuyim (employer file number for Mas Hachnasa and Bituach Leumi). Yeul Sachir Tik Nikuyim number is: 943121939

The following sources are counted as monthly income:

1. Wages
2. Certain types of pensions

3. Payments received for certain services such as lecturing. In addition, the total of all such income must be less than 188,544 NIS per month.

When trying to obtain a Tium Mas online, the individual will need to provide information regarding all sources of such income including each employer's payroll tax number (מספר תיק ניכויים) and the approximate amount of annual income expected to be earned from each employer. In addition, the employee will be asked to provide certain personal information including one of the following:

1. Israeli passport number

2. Israeli drivers’ license number

3. Car registration number

After finishing the process successfully, it will be necessary to print a proforma Tium Mas showing how much tax (as a percentage or as an amount) is to be withheld by each employer. An official Tium Mas will then be received by mail within a week or two. The official Tium Mas should be given to each employer in order for the employer to properly withhold income tax from the salary being paid.

For a list of Mas Hachnasa (Income Tax Authority) branch offices, please see: Income Tax Offices.

Thank you to Shimon Galitzer and Associates for their assistance: http://www.galitzercpa.com/

Thanks from Yeul Sachir

How to register for Yeul Sachir:

 How to register for Yeul Sachir:

For a one time invoice issue at Yeul Sachir:
1) Download the 101 tax form from our web site. Fill it out and sent it to us by fax or e-mail.

2) Download the contract from our web site. Fill it out and sent it to us by fax or e-mail.
3) Send us a clear copy of your Identification Card.



For full time services at Yeul Sachir:
1) Download the 101 tax form from our web site.

2) Download the contract from our web site.
3) Make a clear copy of your Identification Card.

4) Arrange a meeting with us in Jerusalem or Tel Aviv to register. We believe that personal contact with our clients at Yeul Sachir can improve our service and answer your questions more effectively, that way you get to know us better. This is a one time meeting, after that you can contact us by e-mail or phone. Of course feel free to visit our office.
5) Now go out and look for business.

About Yeul Sachir

Yeul Sachir LTD is a group of professionals in Israel that includes economists, accountants, actuaries, and consultants. The group operates in three major fields:

Yeul Sachir full financial solution for freelancers who wish to enjoy the advantages of two worlds: on one hand they are working as a self employed, being their own supervisors and they keep their customers for themselves alone. And on the other hand they have the peace of mind, lack of bureaucracy and social benefits that are part of the working as a salaried employee.

Complete solutions for a variety of needs of customers from the private and public sectors. The unique structure of the group as a “flat organization” (minimum overheads and maximum productivity) enables Yeul Sachir Israel to supply comprehensive solutions for a worthwhile price.

A large variety of consulting, planning and insurance services for salaried workers, self employed and for organizations & public customers.