- Israeli parliament, the Knesset, approved proposal to raise VAT rate
- VAT rate to increase from 17% to 18% starting in 2025
- Lawmakers approved the Value Added Tax Order (Tax Rate for Transaction and Import of Goods) (Amendment), 2024
- Lawmakers also approved the Value Added Tax Order (Tax Rate for Non-profit Organizations and Financial Institutions) (Amendment), 2024
- Approval was by 47 votes in favor and 29 against
Source: answerconnect.cch.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.
