The Times of Israel https://www.timesofisrael.com/topic/taxes/ News from Israel, the Middle East and the Jewish World Thu, 11 Jun 2026 09:16:25 +0000 en-US hourly 1 https://static-cdn.toi-media.com/www/uploads/2018/11/toi_icon_512-200x200.png taxes | The Times of Israel https://www.timesofisrael.com/topic/taxes/ 32 32 Defying Knesset, Smotrich ups tax exemption for online purchases from abroad to $130 https://www.timesofisrael.com/defying-knesset-smotrich-ups-tax-exemption-for-online-purchases-from-abroad-to-130/ Wed, 25 Feb 2026 10:14:43 +0000 https://www.timesofisrael.com/?p=3761812 Hours after previous order was voted down by lawmakers, finance minister signs a new one, vows to free Israeli citizens from 'monopolies,' defeat 'communists' in Netanyahu's Likud

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]]> Smotrich to Arab MKs: It’s not the government’s fault ‘you murder one another’ https://www.timesofisrael.com/smotrich-to-arab-mks-its-not-the-governments-fault-you-murder-one-another/ Tue, 17 Feb 2026 12:07:51 +0000 https://www.timesofisrael.com/?p=3756317 'Educate your public to stop murdering,' far-right minister says; opposition lawmakers accuse him of racism, rail at government for failing to curb violent crime

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]]> Voluntary disclosure in Israel: What U.S. citizens living in Israel should know - Sponsored Content https://www.timesofisrael.com/spotlight/voluntary-disclosure-in-israel-what-u-s-citizens-living-in-israel-should-know/ Thu, 29 Jan 2026 13:06:01 +0000 https://www.timesofisrael.com/?post_type=spotlight&p=3741789 Many U.S. citizens in Israel still hold U.S. accounts, rentals, or family trusts. As transparency grows, voluntary disclosure may help close past reporting gaps before an audit begins

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]]> Smotrich threatens banks with extra taxes if they go after customers’ benefits https://www.timesofisrael.com/smotrich-threatens-banks-with-extra-taxes-if-they-go-after-customers-benefits/ Thu, 25 Dec 2025 18:42:51 +0000 https://www.timesofisrael.com/?p=3720032 Finance minister threatens to double proposed new tax on excess profits slapped on lenders’ excessive income to 30%; banking shares plunge

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]]> Knesset passes law expanding financial benefits for IDF reservists https://www.timesofisrael.com/knesset-passes-law-expanding-financial-benefits-for-idf-reservists/ Wed, 19 Nov 2025 20:54:12 +0000 https://www.timesofisrael.com/?p=3692667 Law approved following deadlock over low-income reservist benefits, ending Smotrich-led legislative boycott with compromise on tax credits and supplements for low income soldiers

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]]> Cabinet okays NIS 3.25 billion in benefits for IDF career soldiers https://www.timesofisrael.com/cabinet-okays-nis-3-25-billion-in-benefits-for-idf-career-soldiers/ Sun, 09 Nov 2025 14:15:03 +0000 https://www.timesofisrael.com/?p=3684265 Package of grants and benefits aimed at 'strengthening the soldiers’ economic security and encouraging continued long-term service,' says government

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]]> Israel rolls out tax benefits to lure back tech talent and investments after Gaza war https://www.timesofisrael.com/israel-rolls-out-tax-benefits-to-lure-back-tech-talent-and-investments-after-gaza-war/ Sun, 02 Nov 2025 19:39:10 +0000 https://www.timesofisrael.com/?p=3679404 Finance Minister Smotrich says reform will simplify tax processes and provide tax breaks and regulatory certainty for investors in Israeli funds and tech companies

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]]> Israeli-founded AI startup raises $60m to help governments fight financial fraud https://www.timesofisrael.com/israeli-founded-ai-startup-raises-60m-to-help-governments-fight-financial-fraud/ Tue, 19 Aug 2025 20:25:43 +0000 https://www.timesofisrael.com/?p=3623731 IVIX's software leverages artificial intelligence to help regulators spot money-related crimes, such as money laundering, sanctions evasion and tax non-compliance

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]]> Study: Ultra-Orthodox only pay 4% of total national taxes, costing economy billions https://www.timesofisrael.com/study-ultra-orthodox-only-pay-4-of-total-national-taxes-costing-economy-billions/ Tue, 20 May 2025 15:54:55 +0000 https://www.timesofisrael.com/?p=3549777 Non-Haredi workers set to pay an additional average NIS 3,540 in taxes in 2025 due to low ultra-Orthodox employment, researcher finds

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]]> Experts fear last-minute corporate tax law could have unintended, costly consequences https://www.timesofisrael.com/experts-fear-last-minute-corporate-tax-law-could-have-unintended-costly-consequences/ Thu, 02 Jan 2025 20:01:16 +0000 https://www.timesofisrael.com/?p=3451318 The so-called 'trapped profits bill' that took effect on Jan. 1 aims to curb tax avoidance amid expensive war, but some worry it'll be hard to implement and discourage investment

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]]> Knesset panel passes 2025 tax hikes set to hit working people in their pockets https://www.timesofisrael.com/knesset-panel-passes-2025-tax-hikes-set-to-hurt-working-people-in-their-pockets/ Tue, 17 Dec 2024 20:32:28 +0000 https://www.timesofisrael.com/?p=3441748 Finance committee approves Jan. 1 tax measures, including VAT hike, increase in National Insurance payments, and freeze on income tax brackets to rein in ballooning war costs

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]]> Israel’s 2025 war budget squeezes disposable income of working-class households https://www.timesofisrael.com/israels-2025-war-budget-squeezes-disposable-income-of-working-class-households/ Sun, 03 Nov 2024 21:29:33 +0000 https://www.timesofisrael.com/?p=3411092 Government drops plans to freeze welfare benefits and tax 'advanced study' funds, instead wants to raise National Insurance payments while barely cutting coalition funds

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]]> 2025 state budget to increase defense spending, cut social services and education https://www.timesofisrael.com/2025-state-budget-to-increase-defense-spending-cut-social-services-and-education/ Thu, 31 Oct 2024 18:01:36 +0000 https://www.timesofisrael.com/?p=3409285 To finance the war, which is estimated to cost NIS 250 billion ($66.8 billion), the Finance Ministry is proposing deep spending cuts as well as tax increases

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]]> Moody’s drastic downgrade will have ripple effect on war-torn consumers and taxpayers https://www.timesofisrael.com/after-moodys-downgrade-there-is-a-ripple-effect-on-war-torn-consumers-and-taxpayers/ Sun, 29 Sep 2024 17:42:11 +0000 https://www.timesofisrael.com/?p=3386454 A lower rating raises credit costs for the government, businesses and households; translates into higher taxes and prices, reduced disposable income; also impacts public savings

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]]> Treasury is said to propose new taxes to bolster state coffers and finance war https://www.timesofisrael.com/treasury-is-said-to-propose-new-taxes-to-bolster-state-coffers-and-finance-war/ Tue, 24 Sep 2024 14:40:37 +0000 https://www.timesofisrael.com/?p=3382643 Among the draft proposals for 2025 is freezing tax credits, taxing advanced study funds, reducing tax benefits on pension deposits, and increasing the tax on electric vehicles

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