Israel Doubles VAT-Free Personal Import Limit to $150 to Combat Cost of Living

• Israel’s Finance Minister Bezalel Smotrich raised the VAT exemption on personal imports from $75 to $150.
• The move aims to help combat the cost of living.
• The exemption expansion is described as dramatic by the minister.

Source: israel.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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