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    Global Daily Tax News, Israeli Lawmakers Agree VAT Hike, (Mar 15, 2024)

    Israel's unicameral parliament, the Knesset, has approved a proposal to raise the country's value-added tax rate.

    As proposed by the Government, lawmakers agreed that the 17-percent headline rate should rise to 18 percent from 2025.

    During a plenary ...

    Israel's unicameral parliament, the Knesset, has approved a proposal to raise the country's value-added tax rate.

    As proposed by the Government, lawmakers agreed that the 17-percent headline rate should rise to 18 percent from 2025.

    During a plenary session on March 11, 2024, lawmakers approved the Value Added Tax Order (Tax Rate for Transaction and Import of Goods) (Amendment), 2024; and the Value Added Tax Order (Tax Rate for Non-profit Organizations and Financial Institutions) (Amendment), 2024, by 47 votes in favor and 29 against.

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