A prominent group of tour operators has sent a letter to the Finance Ministry warning against a plan to cancel a VAT exemption on tourism services for foreign tourists in the coming state budget, saying it would significantly raise prices and harm the local industry.
Michael Federmann, Chairman of the Tourism Industry Coordinating Office in Israel, wrote in the letter Sunday that “canceling the VAT exemption for tourists would be a damaging and irreversible move for the Israeli tourism industry, for the Israeli economy, and for Israel’s world image.”
Source: www.timesofisrael.com
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