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Israel Mulls Canceling VAT Exemption for Foreign Tourists, Sparking Concern in Tourism Industry

Currently, tourists visiting Israel are exempt from paying the 17-percent tax on services in the sector, spanning from hotels to car rentals, which causes the country to lose an estimated $500 million yearly. Tourism organizations and hoteliers now fear that canceling the exemption will harm their ability to bring travelers to Israel.

Source: www.haaretz.com

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