The Israeli government has proposed an amendment to the Value Added Tax Law, 1975, which aims to facilitate the collection of VAT on digital services purchased from international suppliers whose residence is outside of Israel. This amendment is seen as critical for both enforcing the payment of tax and increasing state revenues, as well as preventing discrimination against Israeli businesses that provide similar services and are fully taxed.
Source: GVC
Latest Posts in "Israel"
- Court Rules Bank-Owned Insurance Agency Must Be Classified as Financial Institution for VAT Purposes
- Israel Raises VAT Exemption on Personal Imports to $130, Effective Midnight
- Smotrich Vows Not to Surrender to Left After Coalition Blocks VAT Exemption Order
- Knesset Rejects Plan to Expand VAT Exemption on Imported Goods
- Cabinet Backs Smotrich’s $150 VAT Exemption Before Knesset Vote to Overturn Policy
