VATupdate

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Israel Raises VAT Exemption on Personal Imports to $130, Effective Midnight

  • 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.



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