taxes

EU Condemns Israel for Freezing PA Tax Money

EU says freeze 'runs counter' to Oslo Accord, fails to mention freeze is a penalty for PA ICC move that is a breach of Oslo.

Report: 'Kabbalah Rabbis' Rake in Hundreds of Millions

A report Wednesday by State Comptroller Yosef Shapira claims tax authorities have missed a huge tax scandal within the hareidi community.

Lapid Presents 'No New Taxes' 2015 Budget

Finance Minister Yair Lapid on Sunday held a press conference to present the main points of the state budget for 2015.

Lapid: I'll Quit the Government if Taxes Are Raised

Finance Minister declares he will not be part of the government if it raises taxes following Operation Protective Edge in Gaza.

Lapid: No New Taxes, Unless War Continues Much Longer

Finance Minister Yair Lapid said that Operation Protective Edge would not have much of an effect on the state budget - hopefully.

Israel Sanctions PA By Freezing Transfer of Taxes

Official reports sanctions over breach of conditions include taxes Israel collects for PA, cap on bank deposits, and no help on gas field.

Tax Officials: Driving School Mogul Hid Millions

By keeping two sets of books and with his mother's help, the owner of a chain of driving schools hid millions in income, officials said.

Slomiansky: Best Thing Might Be to Close Down IBA

Knesset Finance Committee chairman Nissan Slomiansky says that there is a long list of problems at the Israel Broadcast Authority.

Bank of Israel: Fewer Services and More Taxes Likely

Israelis are set to face a “double whammy” in 2014, with budget cuts affecting many services along with higher taxes.

Tax On Empty Apartments Doubled by Finance Committee

New rules unanimously approved on roughly 47,000 empty apartments to encourage renting or selling, help solve housing crisis.

Lapid: No New Income Taxes Next Year

Income tax for Israelis will not rise next year, as had been planned, Finance Minister Yair Lapid said.

Teva Brings 'Captive Profits' Home, Gets Big Tax Break

Teva said Monday that it would return tens billions of shekels to Israel from abroad, and pay a tax bill of nearly three billion shekels.

New Govt. Pollution Plan Revives 'Cash for Clunkers'

The government is set to authorize on Sunday a major plan to battle air pollution in Israel.

Steinitz: 'Read My Lips – No New Taxes (Probably)'

In an interview on Channel Two Sunday night, Finance Minister Yuval Steinitz said that he did not expect to have to raise taxes this year

To Combat Obesity, Israel May Impose 'Junk Food Tax'

Israelis, like many Westerners, are getting fatter, and the government is considering taxes to discourage consumption of junk food.

Tax Breaks for Israel's 'Deep South'

People living in Israel's "deep south" will be the beneficiaries of new tax breaks beginning immediately, the government has announced.

Customs, Import Tax Canceled on Hundreds of Items

Israel's economy is about to receive another boost, with the cancelation of the customs tax on the import of hundreds of products.

Tax Breaks for Middle Class on the Way

The Knesset Finance Committee on Wednesday authorized a dramatic change in the Israeli tax code – making it more “middle-class friendly."

OECD: How Israel Compares on Taxes, Cell Phones

The OECD report includes comparisons of Israeli taxation, communications prices to the average.

Israel to Renew Tax Transfer to the PA

Israel announces that the frozen tax money will be transferred to the PA, after confirmation was received that it will not be given to Hamas.

Unity Fallout: PA to Ask UN to Intervene in Israeli Tax Freeze

PA leadership voted to ask UN to intervene to lift Israeli freeze, instituted to keep money from Hamas, on transfers of tax revenues to the PA.

Finance Minister Fights Flu and Lower Taxes from Hospital Bed

The Finance Minister is in the hospital, where he fights the flu and attempts to cut fuel taxes, which he says are good for economic health.

Knesset Majority Calls for Cheaper Gas

A majority of MKs call on PM Netanyahu to slash gasoline prices. National aid organization protests with horses, buggies.

New Cameras Snap Vehicle Photos for Air Pollution Tax

Israel has come up with a way to streamline tax collection on the nation’s highways by using hi-tech photographic tax traps.

Tax Systems and Lifestyles

The Israeli tax system rewards families in which both parents earn about the same income. What does mean for us, and what can be changed?

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.

Finance Ministry: Defer Child Care Tax Credit by 2 Years

Finance Minister Yuval Steinitz plans to ask the Cabinet Sunday to defer tax credits for day care costs by at least two years.