Archive: 6/15/2014
Daily Israel Report
14:08
Reported

News Brief

  6/15/2014, Sivan 17, 5774

Purchasing Group Organizers Want to Delay 0% VAT Vote


A forum of organizers of new home “purchasing groups” turned to ministers belonging to the Knesset’s Ministerial Law Cabinet, in a request to delay voting on the proposed law which would exempt certain people from paying VAT on the purchase of a first home.

A letter written by the forum stated that it was up to the ministers to prevent the approval of the proposed law, as the proposal is adversely biased against home purchasing groups, instead exempting VAT payments only from those who purchase homes from contractors.