As if we Israelis don’t have enough on our plate, an important Supreme Court case tells us what is food and how much can be assessed to 17% VAT if meals are provided at work. The Israel Tax Authority (ITA) and the National Insurance Institute (NII) are expected to follow suit. In short, will your lunch break… break the bank? (Netanya VAT director vs. Amdocs Israel Ltd., January 30, 2023).
Fortunately, the courts imposed some checks and balances in the food area.
- What’s the beef?
- Facts of the case
- The main issue
- The judgment
- To sum up
- Comment: Food for income-tax purposes
Source: www.jpost.com
