15:55
Reported

News Brief

  7/20/2014, Tammuz 22, 5774

Finance C'tee Chair: 5-Year Limit on 0% VAT Dwellings


Chairman Nissan Slomiansky of the Knesset Finance Committee said, Sunday, that he would act to put a five-year limit on a proposal to charge no value-added sales tax for first-time apartment purchases. The measure would save eligible buyers 18 percent.

Slomiansky said that after the vote on the bill, the committee would consider direct and indirect compensation for businesses in southern Israel which have been damaged during the Protective Edge counter-terror campaign.