- Israel has introduced significant updates to VAT and customs rules, effective from 2026.
- Two new VAT reportable positions for 2025 address input VAT on repurposed real estate and VAT on construction services for local authorities.
- The “Invoice Israel” reform lowers the threshold for requiring allocation numbers on tax invoices for input VAT deductions from NIS 20,000 to NIS 10,000 (January 1) and to NIS 5,000 (June 1).
- The personal import tax exemption has increased from USD 75 to USD 150, excluding tobacco, alcohol, and certain other goods, but this change is under legislative review.
Source: taxand.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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