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co-operative societies who do not attribute profits to membersof the society. This track is processed exclusively by the TaxesAuthority.A corporation wishing to obtain tax benefits in respect of itsmanufacturing activity, and subject to its meeting the conditionsdetailed below, should apply for such benefits to the TaxesAuthority:2.1.1 Completion of Minimum Qualifying Investment1. Purchase of "productive assets": which serve the enterpriseor that are intended to serve the enterprise; in an industrialenterprise (with the exception of buildings); also includingassets not owned by the enterprise.2. Completion of the investment within a period of not exceeding3 tax years or in 2 years, at the corporation's choice.3. The amortization, for the purpose of calculating the productiveassets, is calculated in accordance with the 1941 [sic]Depreciation Regulations.4. The minimum amount of the qualifying investment inaccordance with the total of the productive assets in theenterprise (including associated enterprises) as detailed below:Setting upExpansion(the higher of thetwo)Value of theProductive Assetsin NIS millionsNo limitationUp to 140 or140 - 150 or500 and above orInvestmentAmountsAt least NIS 300thousand12% of theproductive assets7% of the productiveassets5% of the productiveassets2.2 Improved Track (for a period of ten years)It is not possible to transfer from this track to the alternative trackduring the benefit period.There is exemption from Corporation Tax on this track for a periodof ten years for investors in Development Region A.ReducedCorporation TaxDividend TaxIsraeli Investor 11.5% 15%Foreign Investor 11.5% 4%43 < Invest in the Negev and GalileeMinistry of Indusry, Trade and Labor > Negev and Galilee Development Center