Taxes


Israel-Gaza War, Taxes
Knesset Finance Committee approves raising VAT to 18% to cover wartime shortfall

The tax increase now goes to the Knesset for a second and third vote. Members of the committee, including on the coalition, criticized the move as too easy and harming the weakest members of society.

Avi Woolf | 20.02.24

Electrical Vehicles, Finance Ministry

New Budget Proposes Complete End to Electrical Vehicle Tax Breaks

In a sharp break from past policy, the Finance Ministry is now proposing an end to the reduced sales taxes on electrical vehicles and a significant reduction in subsidies for new charging stations.

Avi Woolf | 10.01.24

The 2024 State Budget

Prepare Your Wallet: The Treasury's New Decrees for 2024

Additional taxation on fuel and natural gas, which will also impact electricity prices, increased taxation on tobacco products and cigarettes, and a substantial cut in the medication basket - All are part of the Treasury's efforts to cope with the costs of the war.

Yehuda Klein, JFeed Staff | 10.01.24