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.

Taylor Swift
Yitzhak Goldknopf

Discussion on Goldknopf’s proposal to lower VAT postponed by two weeks

Bezalel Smotrich

The Association for Civil Rights petitions against the tax benefits law for settlements

New Israeli Shekel bills are seen in front of an upwards-trending graph (illustration)

Your Taxes: Look before you leap out of Israeli fiscal residency


Israel transfers $116 million of withheld tax revenue to Palestinians

Since the Hamas-led attack on Israel on October 7, Israeli Finance Minister Bezalel Smotrich has withheld sums earmarked for administration expenses in Gaza.

 Finance Minister Bezalel Smotrich gestures at the Knesset, in Jerusalem, on June 24, 2024

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Insufficient funds: Electric car purchase tax to increase to 50% in 2025

Electric car owners must contribute to fund the war effort through a travel tax, increased purchase tax, and removal of the yearly licensing fee discount of NIS 530.


Inheritance tax changes may trap UK olim

Olim from the UK frequently assume that by making aliyah, their liability to British estate taxes disappear. Unfortunately, this is far from true.

 Thousands of additional shekels can be saved every year with tax exemption

This is the price you will pay in June for a flight with Rainier

Ryanair's return to Israel in June brings back affordable flight prices to popular destinations like Athens, Paphos, Berlin, Milan, Malta, and Budapest for eager travelers.

Ryanair plane

The beverage company 'BLU' is expected to receive a huge fine

Ministry of Environmental Protection audit reveals discrepancies in 'Blu' company's recycling reports for 2019-2020, facing potential NIS 100 million fine.

 Blu drinks

The updated model of the Audi Q4 increased only due to the rise in tax

Audi's revamped crossover now boasts a more potent engine, improved performance, and slightly extended range. Will it outprice rivals BMW and Mercedes?


Amid the Israel-Hamas war, claiming return of VAT on war's security expenses - opinion

Two-thirds of the input VAT on war-related security expenses may be claimed back on VAT returns in the usual way in the 45 settlements.

 US and Israeli currency (1 dollar bills and 1 shekel coins respectively) are seen in this illustrative photo of money.

Barcelona's increased tourist tax: Where else to pay entry in 2024?

Many countries have raised traveler fees in 2024 to combat over-tourism, adding to usual expenses like flights and accommodations. Full list of entry fees and destinations.

 Barcelona