Excise Tax

News and updates about Excise Tax

Smotrich orders drop in fuel prices

The order signed by the Finance Minister following an agreement with the prime minister reduces the fuel excise tax, so that the price of 95-octane gasoline will fall from 8.27 shekels to 7.77 shekels per liter.

Gas prices set to plunge by half a shekel starting Monday

After gasoline prices hit a record NIS 8.25 per liter, a major excise tax cut will take effect Sunday night, bringing the price down to NIS 7.75.

Smotrich, tobacco taxation and the Palestinian black market

Finance Minister Bezalel Smotrich is expected to soon approve a new order to tax smoking products that will impose an excise tax of NIS 350 per kilogram on tobacco substitutes, alongside a 4% customs duty.

Fuel Price Dropping by 3%

One liter of 95 octane gasoline will cost NIS 7.43 at self service pump, as world oil prices dip.

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