- Israel’s Tax Authority issues guidance on increased VAT rate
- Standard VAT rate increased from 17% to 18% effective 1 January 2025
- Guidance explains how to apply correct VAT rate to transactions
- Rate for goods and services depends on accrual or cash basis and delivery date
- Accrual-basis taxpayers taxed at 17% for supplies delivered before 1 January 2025
- Accrual-basis taxpayers taxed at 18% for supplies delivered on or after 1 January 2025
- Cash basis taxpayers taxed at 17% for payments received before 1 January 2025
- Cash basis taxpayers taxed at 18% for payments received on or after 1 January 2025
Source: regfollower.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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