The Milchan Law is an Israeli tax amendment, originally proposed in 2013, that provides new immigrants (עולים חדשים) and veteran returning residents (תושבים חוזרים ותיקים, i.e., those who were non-residents for at least 10 years prior to return) with a 10-year exemption from Israeli income tax on foreign-sourced income. Originally, it also exempted them from reporting requirements for foreign income and assets during this period, but the reporting exemption was abolished by a 2024 amendment effective January 1, 2026. The legislation has been described as providing significant tax breaks to returning residents and was allegedly designed to benefit Milchan.