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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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.