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      Archive: 2/17/2010
      09:26
      Reported

      News Brief

        2/17/2010, Adar 3, 5770

      PM To Propose Tax on Fruits and Vegetables


      Prime Minister Benjamin Netanyahu is once again considering imposing value-added tax on fruits and vegetables. Last year he proposed the full 16.5% VAT, but was strongly opposed.  Now he wants a tax of 1%.

      Fruits and vegetables are currently exempted from VAT altogether. Adding a tax will require Knesset approval. 

      A 1% VAT is expected to generate revenues of about NIS 100 million.