- 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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