Israel Cuts Value Added Tax, October 2015
- Oct 9, 2015 | Gail Cole
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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Sales tax rates, rules, and regulations change frequently. Although we hope you'll find this information helpful, this blog is for informational purposes only and does not provide legal or tax advice.
Avalara Author
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.