- Finance Minister Bezalel Smotrich signed an order raising the VAT exemption on personal imports from $75 to $130.
- The new exemption takes effect at midnight.
- Smotrich emphasized his commitment to fighting the high cost of living and criticized opposition within Likud and other parties.
Source: ynetnews.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"
- Smotrich Vows Not to Surrender to Left After Coalition Blocks VAT Exemption Order
- Knesset Rejects Plan to Expand VAT Exemption on Imported Goods
- Cabinet Backs Smotrich’s $150 VAT Exemption Before Knesset Vote to Overturn Policy
- Israel Updates VAT, Customs Rules and Invoice Thresholds; Doubles Personal Import Tax Exemption
- Briefing Document & Podcast: E-Invoicing and E-Reporting in Israel













