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taxation

Finance Minister Bezalel Smotrich leads a Religious Zionism faction meeting at the Knesset in Jerusalem, January 5, 2026. (Yonatan Sindel/Flash90)
January 7, 2026, 5:01 pm
In rare move, Knesset panel moves to overturn Smotrich’s $150 VAT exemption order
Likud elements led by Finance Committee chair MK Hanoch Milwidsky argue that doubling VAT exemption on personal imports from $75 penalizes local businesses
By Ariela Karmel
A man recharges his electric car at a charging station in Katzrin in the Golan Heights, January 21, 2025. (Michael Giladi/Flash90)
December 10, 2025, 4:22 pm
Knesset committee rejects Treasury bid to hike electric vehicle purchase tax to 52%
In January this year, the tax rose from 35% to 45%, resulting in a sharp drop in EV purchases, according to the Energy Ministry
By Sue Surkes
Finance Ministry Bezalel Smotrich holds a press conference at the Finance Ministry in Jerusalem on November 4, 2025. (Yonatan Sindel/Flash90)
November 4, 2025, 7:34 pm
Unveiling 2026 budget, Smotrich fumes at excessive defense spending, mulls tax cuts
Finance Ministry officials criticize the Defense Ministry for inefficient spending practices at the expense of welfare and education; Smotrich seeks to impose a new tax on banks
By Sharon Wrobel
Illustrative: People walk by a Bank Hapoalim branch in Tel Aviv on March 25, 2025. (Miriam Alster/FLASH90)
August 25, 2025, 8:38 am
As banks pig out on profits, top economist urges tax to keep them from hogging wealth
After seeing plans aimed at boosting competition fall short, former Bank of Israel research head Michel Strawczynski says levy on lenders’ excessive income will ease wartime burden
By Sharon Wrobel
Former Bank of Israel governor Prof. Karnit Flug speaks at the Eli Huwitz Conference for Economy and Society, organized by the Israel Democracy Institute in Jerusalem, May 2024. (Oded Karni)
May 27, 2025, 3:59 am
War costs put Israel’s public services at risk of collapse, says former central bank head
Without policy shift, social welfare won’t meet needs of population; quality of life and economic growth will be harmed, says Karnit Flug, ahead of this week’s IDI conference
By Sharon Wrobel
Prime Minister Benjamin Netanayhu (center) and Finance Minister Moshe Kahlon (left) during a Knesset session on December 5, 2016. (Yonatan Sindel/Flash90)
December 21, 2016, 3:18 pm
Knesset set to give final approval to 2017-2018 budget
Amid controversy over third-apartment taxation, municipal strike over slashed funds, coalition slated to okay two-year financial plan, boosting government stability
By Marissa Newman
Entrepreneurs gather at the Google campus in Tel Aviv. (Anna Morein)
April 11, 2016, 4:14 pm
Taxman could make ‘Israeli firms’ Google and Facebook pay up
New rules make it almost certain that firms with a ‘substantial’ digital presence among Israelis will have to pay taxes here. Will that scare away the multinationals?
By David Shamah
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