- Finance Committee of the Knesset approved a 1% VAT raise from 17% to 18% starting January 1, 2025
- First adjustment to VAT rate since 2015 when it was reduced from 18% to 17%
- Government aims to stimulate economic growth and generate NIS 7.2 billion in additional revenue
Source: tungstenautomation.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.
