BREAKING NEWS

Import tax on LED bulbs repealed

NOVEMBER 27, 2013 19:02

The Tax Authority has revoked the 12-percent customs tariff on the import of LED bulbs, following an appeal of the Federation of Israeli Chambers of Commerce to the Finance and Energy, Water and National Infrastructures ministries.

"As is well known, the Israeli government encourages the transition to electricity products that conserve energy consumption, such as lamps, refrigerators and air conditions, through subsidies from the state," said Yossi Temler, director of the Chambers of Commerce's import customs and regulatory division. "It was right for the state to subsidize customer purchases of LED bulbs, but we ask at least that an exemption will be given from paying import taxes on LED bulbs."

Using LED bulbs decreases power consumption by 50 to 90 percent compared to the use of halogen and incandescent bulbs, and is also significantly more economical than fluorescent bulbs, the Chambers of Commerce said. The lifespan of LED bulbs is approximately 50,000 hours of work, compared to 2,000 hours for halogen bulbs and 1,000 hours for incandescent bulbs.

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