News Briefs

  5/11/2014, Iyar 11, 5774

Hareidi, Arab Homebuyers to Get Reduced VAT Exemption

As a compromise to ensure that his plan providing a VAT exemption for first-time home buyers is able to stand a court test, Finance Minister Yair Lapid announced Sunday that individuals who have not served in the IDF will also be eligible for the exemption – but only for the purchase of homes up to NIS 600,000 (roughly $170,000) in value.