Taxation in Israel

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The main points in the Ministry of Finance’s monthly report today on implementation of the state budget and tax revenues show disappointing tax revenues in May and a likely budget deficit. Tax revenues totaled $25.1 billion in May, a figure affected by an exceptional NIS 2.1 billion in tax refunds. An analysis of the composition […]

Discussions will take place at the Finance Ministry this week, at the end of which Minister of Finance Moshe Kahlon will decide which taxes to cut and by how much.

The Church of the Holy Sepulchre in Jerusalem reopened early on Wednesday after Israeli officials suspended a plan to impose taxes on church properties in the holy city.

Israel Tax Authority head Moshe Asher bashed Israel’s tax laws on Monday, stating that, “It has been a decade since Israel became one of the world’s best — or worst — tax havens that there are. We have yet to find a single country in the world with a similar law.

Christian leaders say they will reopen the Church of the Holy Sepulchre in Jerusalem after Israeli authorities suspended a plan to impose taxes on church properties in the holy city.

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