- Israel’s Ministry of Finance plans to raise the tax rate on bank profits from 17% to 26% in 2024 and 2025.
- Currently, banks and financial institutions pay a 17% VAT-equivalent tax on their total payroll and profits.
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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