- Israel’s Ministry of Finance is proposing to raise VAT from 17% to 18% in 2025
- Increase is to help finance state’s coffers after military expenditures
- Expected to add NIS 7.2 billion to state’s revenue
- Proposal may be withdrawn if economic situation improves
Source: tungstenautomation.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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