Tax


Gov’t Rakes in Record Taxes on Car, Gas Sales

Israel vehicle imports hit a record in 2016 – and so did government proceeds from taxes associated with the sale and operation of vehicles. According to data compiled by the…

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Treasury: Home Sales Fall Sharply in November

Are the government’s policies to calm the real estate market finally having an effect? According to numbers released by the Finance Ministry’s chief economist Monday, there was a significant slowdown…

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Cuomo Calls for Doubling Of Child Care Tax Credit

Gov. Andrew Cuomo called Thursday for a doubling of the child care tax credit for middle-class parents. The Democrat said his plan would raise the average child care benefit from…

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Retail Companies Lobby for VAT on Online Purchases

Israel’s clothing industry has struck back at online competitors, lobbying Finance Minister Moshe Kahlon to rescind the exemption from VAT tax for online companies, Globes reported on Thursday. enior figures…

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Lawsuit: Third Apartment Tax Unfair, Unconstitutional

There are now two High Court lawsuits seeking to strike down the “third apartment tax,” which officially went into effect Sunday. After opposition parties last week filed a petition seeking…

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Tax Authority Letter-Writing Campaign Tops 134,000

The Israel Tax Authority has sent some 134,000 warning letters to citizens who are suspected of tax evasion, Globes reported on Thursday. Authority head Moshe Asher told a conference of…

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Amazon to Collect Sales Taxes on Purchases in Nebraska

Online retailer Amazon plans to start collecting sales taxes on purchases in Nebraska on Jan. 1, the company announced Friday. The decision could generate millions of dollars in additional tax…

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