- Israel’s VAT rate is increasing from 17% to 18% by January 2025
- The increase will impact consumer spending, inflation, business operations, government revenue, and the financial sector
- Certain transactions are exempt from VAT or zero-rated, such as exports and certain services
- The increase is aimed at bolstering government revenue and may require businesses to adjust pricing strategies and operational costs
Source: marosavat.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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