VAT

Tariffs are the chips in a new Poker Game

While the current trade war may escalate in the short term, the fundamental economic dynamics give the U.S. an advantage, especially over China. Opinion.

Haredi man suspected of not reporting 60,000,000 NIS

Authorities arrest Beitar resident on suspicion of supplying fake tax receipts.

Two Arabs suspected of massive purchase in Eilat to avoid VAT

Arabs go on 3-day shopping spree in duty-free Eilat, buy 450 Similac cans for total of 35,000 NIS.

Israel to tax global online companies

Tax Authority to charge VAT on local sales by international-based online firms such as Google and Facebook. Fair, or bad for business?

Govt. approves zero-VAT on public transportation

The government made two major compromises with its coalition partners in order to ensure that the state budget is passed by Wednesday.

Minister Accuses Government of Hiding Information

Agriculture Minister Uri Ariel claims that Cabinet was not alerted about the VAT reduction before the budget was set.

Netanyahu, Finance Ministry Reduce VAT

Israel's sales tax to drop by 1% for consumers and 1.5% for companies. PM: 'We chose to return the money to you, the citizens of Israel.'

Security Force Retrieves Tax Cheat Who Ran Away to PA

Israeli Arab who tried to get out of paying millions in taxes by absconding to Palestinian Authority was retrieved, and sent to jail.

Shas Coalition Deal Includes Synagogues, Haredi Housing

Shas has succeeded in 'rolling back the clock' on many of the 'edicts' from the previous government, its coalition agreement shows.

Apartment Glut Develops as Israelis Wait for Zero VAT

As of June 30, there were 94,450 homes and apartments under construction in Israel; by August 31, 26,920 were still unsold.

Netanyahu Cuts Talk on 0% VAT Bill in Jab at Lapid

Netanyahu suspends discussion on controversial bill until budget deal worked out, in push on Lapid to back defense spending.

New Home Sales Down 10% in March

New home sales were down 10% in March, as Israelis were holding off on buying homes in the wake of a plan to cut VAT payments.

Home Prices Tumble as Buyers Wait for VAT Discount

Yair Lapid's ideas on eliminating value-added tax (VAT) payments is already bringing home prices down, as buyers hold out for a better deal.

Lapid Promises Govt. 'Will Pay its Bills on Time'

Finance Minister Yair Lapid is out to set an example - and ease the burden on small business in Israel.

Lapid Says Hareidim, Arabs Should Enlist if They Want Benefits

Finance Minister defends VAT discount for young couples, says state willing to sacrifice for citizens who serve the nation.

Finance Min: Hareidi Homebuyers Don't Need VAT Discount

Not extending a VAT discount for first time home buyers in hareidi communities is not discriminatory, the Treasury said.

Cautious Celebrations As Housing VAT Cancelled for New Buyers

Cutting VAT on apartments is nice, but there are better ways that Yair Lapid can help the middle class, says one consumer group.

Ariel: Make Sure All Israelis Get Apt. VAT Discount

Housing Minister Uri Ariel on Tuesday said that he would support eliminating VAT for first-time apartment buyers, provided it applied to all

Minister Calls for State Discounts for Young Parents

Foreign Minister Avigdor Liberman pushes VAT exemption for young apartment buyers, IDF vets; also subsidized daycare.

Keter Institute: To Help Poor, Raise Income Tax, Not VAT

The preferred way for a Jewish state to raise money from its citizens is through income taxes, not sales taxes, says expert.

Deri: ‘Asher, Chaim and Riki’ Are All Feeling the Pinch

Deri: The ‘everyday Israelis’ Lapid loves to mention are all suffering, thanks to new economic decrees.

Lapid Skips Vote on VAT for Vacation in Paris

Finance Minister skips a vote on the rise in the VAT, raising the ire of the opposition.

Labor Calls to MKs: Don’t Vote for ‘Coward’s Tax’

Labor head slams Lapid’s plan to raise the VAT as “coward’s tax,” proposes an alternative.

Lapid Told: Don't Raise VAT on Sabbath

MK Nisan Slomiansky asks Finance Minister to change plan to update VAT Friday at midnight.

Budget Cuts: Tax on Vegetables, Child Payments Slashed

Government plans cuts to keep deficit under control. How will cuts impact average Israeli?

MK: Raise Taxes, or End Up Like Europe

The VAT tax increase is absolutely necessary for the health of the Israeli economy, officials said

Netanyahu's New Economic Measures Raise Critics' Ire

Prime Minister Netanyahu criticized following decision to raise VAT, cut budgets for government ministries.

Fischer: Time to Pay Up; VAT Must Rise 1%

Bank of Israel Governor Stanley Fischer on Wednesday declared his support for raising Israel's Value Added Tax (VAT) by at least 1%

MK Landau Calls For End to Israel's Water Tax

National Infrastructure Minister Uzi Landau has called for an end to the VAT on water saying its is a "tax on a basic need for survival."

Inflation Rearing its Head?

Transportation prices going up: Gas to hit record high on Jan. 1, giving Israel the 5th highest in the world, and bus prices will rise by 3%.

Israel Post to Charge Minimum Levy for Packages from Abroad

New customs levy on all packages from overseas will be imposed at the beginning of 2011.

Value-Added Tax (VAT) To Drop 0.5% Friday

Finance Minister Yuval Steinitz has decided to reduce value-added tax (VAT) by half a percent at the beginning of 2010. The new rate will be 16%,.

Produce Vendors Warn: ‘Political Death as Sure as Taxes’

Produce vendors warned Monday that if the VAT tax on their goods rises by one percent, Prime Minister Netanyahu is as good as dead politically.

News and updates about VAT