Tax

Finance Ministry aims to cut record high gas prices by 50 agorot, needs attorney-general's approval

Finance Minister Bezalel Smotrich intends to introduce the additional reduction, which, if approved and completed, is expected to bring the price of a liter of gasoline down to about NIS 7.77.

A worker fills benzene, at a gas station in Jerusalem before petrol prices rise at midnight on 31 January 2011.
Finance Minister Bezalel Smotrich attends a ceremony marking the establishment of the new Israeli settlement of Ma’ale Arugot in Gush Etzion, in the West Bank, September 2, 2026.

Smotrich to again increase state fuel subsidies to counter rise in gas prices

Bank of Israel.

'In a year, we will be in a whole new world': Bank of Israel official's forecast

Israel Tax Authority, Israel Land Authority, Bank of Israel.

Nearly NIS 2B. revealed: Voluntary tax disclosure program comes to an end


Israel transfers $116 million of withheld tax revenue to Palestinians

Since the Hamas-led attack on Israel on October 7, Israeli Finance Minister Bezalel Smotrich has withheld sums earmarked for administration expenses in Gaza.

 Finance Minister Bezalel Smotrich gestures at the Knesset, in Jerusalem, on June 24, 2024

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Insufficient funds: Electric car purchase tax to increase to 50% in 2025

Electric car owners must contribute to fund the war effort through a travel tax, increased purchase tax, and removal of the yearly licensing fee discount of NIS 530.


Inheritance tax changes may trap UK olim

Olim from the UK frequently assume that by making aliyah, their liability to British estate taxes disappear. Unfortunately, this is far from true.

 Thousands of additional shekels can be saved every year with tax exemption

This is the price you will pay in June for a flight with Rainier

Ryanair's return to Israel in June brings back affordable flight prices to popular destinations like Athens, Paphos, Berlin, Milan, Malta, and Budapest for eager travelers.

Ryanair plane

The beverage company 'BLU' is expected to receive a huge fine

Ministry of Environmental Protection audit reveals discrepancies in 'Blu' company's recycling reports for 2019-2020, facing potential NIS 100 million fine.

 Blu drinks

The updated model of the Audi Q4 increased only due to the rise in tax

Audi's revamped crossover now boasts a more potent engine, improved performance, and slightly extended range. Will it outprice rivals BMW and Mercedes?


Amid the Israel-Hamas war, claiming return of VAT on war's security expenses - opinion

Two-thirds of the input VAT on war-related security expenses may be claimed back on VAT returns in the usual way in the 45 settlements.

 US and Israeli currency (1 dollar bills and 1 shekel coins respectively) are seen in this illustrative photo of money.

Barcelona's increased tourist tax: Where else to pay entry in 2024?

Many countries have raised traveler fees in 2024 to combat over-tourism, adding to usual expenses like flights and accommodations. Full list of entry fees and destinations.

 Barcelona