Tax
"Taylor Swift tax" takes effect
Rhode Island's new real estate law targeted billionaires and wealthy non-residents, and will cost the pop star an additional $136,000 a year.
Discussion on Goldknopf’s proposal to lower VAT postponed by two weeks
The Association for Civil Rights petitions against the tax benefits law for settlements
Your Taxes: Look before you leap out of Israeli fiscal residency
After cover op.: Police arrest lawyer suspected of laundering NIS 20m.
The operation was carried out jointly by police officers from the Southern District in addition to officers of the Yahalom unit operating under the Israel Tax Authority.
Electric cars beneficial for consumer, not for Israeli economy, 2024 report finds
In 2024, the cost of an electric-powered vehicle for the consumer was NIS 3,700 less than a gasoline-run car.
Key budget bill clears committee despite Ben-Gvir’s attempt to block it
The bill was part of the annual Economic Arrangements Bill, which accompanies the state budget and groups together all legislative amendments necessary to pass the budget.
Food chain surprises: "We will absorb the VAT increase"
Carrefour announced it will absorb the VAT increase on 1,700 private label products, including food, pharmaceuticals, toiletries, and fresh meat, chicken, and fish.
Freelancers ask central bank to cut interest rate, help businesses near bankruptcy
The forum emphasized that a rate cut could help mitigate some of the increased costs that freelancers and business owners are expected to face in 2025.
Key gov’t tax bill in danger after Otzma Yehudit, Agudat Yisrael threaten to vote against
Bill must pass by end of year; expected to create over NIS 9 billion national income in 2025.
VAT in Israel is going up
Your Taxes: The rules are complex. We all need to prepare.
Tax Authority confirms higher vehicle tax rates for 2025
Alongside the adjustment to purchase tax on electric vehicles, all gasoline, diesel, hybrid, and plug-in hybrid vehicles will become more expensive.
A long-overdue reform: New Osek Zair will help Israel’s small businesses thrive - analysis
For small business owners, the Osek Za’ir is an opportunity to save time, reduce costs, and focus on contributing to Israel’s economy.
State to open VAT-free store at Ramon Airport
The Israel Airports Authority issued a tender for a VAT-free store at Eilat Airport, where 25% of Israel’s mobile phones are sold. The VAT hike next year will increase the city's appeal.
