VAT
VAT on reinsurance transactions and overseas loans
In a panel led by Gal Greenberg of KPMG Israel, VAT Director David Shilon revealed that the Tax Authority considered expanding VAT rules under a legislative amendment to cover additional sectors.
Discussion on Goldknopf’s proposal to lower VAT postponed by two weeks
Goldknopf proposes lowering the VAT to 17%
Police and Tax Authority uncover NIS 50 million laundering scheme in Kafr Kara factory
Ashdod shop owner suspected of laundering money using ATM
According police, income from cash sales at the store, which was concealed from the tax authorities, was laundered through the suspect's bank accounts by depositing the cash into an ATM at the store
'Smotrich is taking us hostage': Small-business owners protest new VAT, customs exemptions
Protesters also warned of the economic implications of the move for local commerce, employment, and business stability in Israel, saying that the move “will be remembered in infamy."
Your Taxes: Recovering VAT on employee fringe benefits
Inputs for employees are defined as assets or services, such as meals, housing, gifts, or entertainment intended for the enjoyment, use, welfare, or benefit of employees or their family.
Service industry staff do not need to pay VAT on tips, Tax Authority confirms
The Tax Authority had initially decided to begin enforcing VAT on tips from June 1, 2025, onwards, but this decision was successfully reversed.
Steep fall in mortgage taking in Israel in January
Compared with January 2024, mortgage taking was up 30% and up 15% from January 2023.
Altshuler Shaham to acquire 20%-25% stake in KSP at NIS 2.3 billion valuation
Altshuler Shaham leads institutional investors in acquiring a 20%-25% stake in KSP, valuing the retail chain at NIS 2.3 billion, amid strong financial results and shifting expansion plans.
Israeli home purchases by foreign residents jump 50%
In November-December, they purchased 22 apartments at prices of more than NIS 10 million, out of 72 such apartments purchased in 2024, a large part of which were new apartments.
Food chain surprises: "We will absorb the VAT increase"
Carrefour announced it will absorb the VAT increase on 1,700 private label products, including food, pharmaceuticals, toiletries, and fresh meat, chicken, and fish.
