Avalara Taxrates > Blog > Sales Tax Rate Changes > Israel Cuts VAT, October 2016 - Avalara

Israel Cuts Value Added Tax, October 2015


 Tel Aviv, Israel

The value added tax rate in Israel dropped from 18% to 17% on October 1, 2015.

Israeli Finance Minister Moshe Kahlon and Prime Minister Benjamin Netanjahu hope the lower rate will “encourage economic growth.” The average family is expected to save 100 shekels a month thanks to the reduced rate.

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Gail Cole
Avalara Author
Gail Cole
Gail Cole
Avalara Author Gail Cole
Gail began researching and writing about sales tax in 2012 and has been fascinated with it ever since. She has a penchant for uncovering unusual tax facts, and endeavors to make complex sales tax laws more digestible for both experts and laypeople.