According to Velocity Global's employment agreement template, when is the salary due in Israel?

Salary is paid to supported employees in Israel every month, no later than the last day of the calendar month.

What date does the law specify salary must be paid in Israel?

In Israel, the law specifies that salary payments must be processed by the 9th of the following month.

How is salary calculated and what components does it consist of in Israel?

In Israel, salary calculation consists of two main components:

• Base compensation.
• Compensation for Global Overtime (commonly included but not obligatory).

Is there a legal obligation to pay salaries in the same month in Israel?

In Israel, there is no legal obligation to pay salaries within the same month. According to Israeli law, employers must process salary payments by the 9th of the following month.

How many salary payments are made per year in Israel?

In Israel, salary payments are made 12 times per year.

Is salary payment monthly and is payment standard at the end of the month in Israel?

In Israel, salary is paid monthly, and payment is standard at the end of each month.

Should the employment agreement specify salary in monthly or annual amounts in Israel?

In Israel, the employment agreement should specify the salary in gross monthly amounts.

What tax and social security obligations do employees have in Israel?

Taxable income in Israel includes:

• Salaries
• Wages
• Severance pay
• Pensions
• The value of certain benefits
• Other forms of remuneration

Both Israeli and foreign residents are subject to taxes at the same rates. Income tax rates in Israel are assessed on a progressive scale ranging from 10% to 50%.

What is the minimum wage information in Israel?

As of April 1, 2025, the minimum wage in Israel is structured as follows:

• The daily wage for workers employed five days a week is set at Israeli New Shekel (NIS) 288.35.
• For those working six days a week, the daily wage is NIS 249.9.
• The hourly wage is NIS 33.58 for employees working a total of 186 hours per month and NIS 34.32 for those working 182 hours per month.
• The monthly minimum wage is NIS 6,247.67.