News Briefs

  ניסן 24, 5774 , 24/04/14

Small Provident Funds to Be Withdrawn Tax-Free

From this morning (Thursday) on, banking customers will be able to withdraw small provident funds of up to 7,000 shekels without being charged tax on the transaction.

Bank managers are slated to notify their customers of their eligibility to withdraw small provident funds tax-free by the end of the month. They are also to instruct their customers vis-à-vis how to withdraw the money. This, in order to make the management of small funds more efficient. 

Other archived news briefs:Apr 24 2014, 07:16 AM, 4/24/2014