- Israeli government approved a 1% VAT increase from 17% to 18%
- Originally planned to be implemented on 1 January 2025
- Finance Ministry considering bringing forward the VAT hike to June 2024
- Goal is to raise extra funding for Gaza
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.
Latest Posts in "Israel"
- How to Verify Israeli VAT Numbers Online: Step-by-Step Guide for Businesses and Individuals
- Jerusalem Court Reclassifies Bank of Jerusalem’s Insurance Agency as Financial Institution for VAT
- Israel Investigates Major Tax Fraud in Alibaba, AliExpress Imports by Tim International Transport
- Israel Accelerates CTC Invoice Allocation Number Timeline to Combat Fraudulent Invoices by 2026
- Israel Invoicing Model to Combat Fictitious VAT Claims, Thresholds for allocation numbers are NIS 20,000 in 2025, NIS 10,000 from 1 January 2026, and NIS 5,000 from 1 June 2026
