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Israeli Parliament Approves VAT Rate Increase on Bank Profits Until 2025

  • Israeli Parliament accepted Bill No. M/1708-A to increase VAT rate on bank profits
  • VAT rate to increase from 17% to 26% until Dec. 31, 2025
  • Law enters into force on April 1, 2024

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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