News Briefs

  2/13/2012, Shevat 20, 5772

Knesset Finance Committee Extends Shift Differential

The Knesset Finance Committee decided unanimously, Monday, to extend, until the end of the year, regulations that grant a 15-percent income tax credit for shift work in industry. The credit for working the second or third shift of the day is up to NIS 10,920.

The tax credit was enacted in 1990 and has been extended periodically since then. The Treasury and the Ministry of Industry, Commerce and Labor expressed their support for the latest extension.