BREAKING NEWS

Knesset Finance C'tee approves 0 VAT bill for final Knesset vote

By JPOST.COM STAFF

NOVEMBER 12, 2014 11:20

The Knesset Finance Committee approved Finance Minister Yair Lapid's 0 VAT bill on Wednesday. The bill will now go before the Knesset for final approval.

The bill was approved in the committee by a margin of 10-6.

The vote on the bill went forward after those opposing it had claimed that it had been changed sufficiently from its original version to warrant it having to go back to the Knesset for a first reading again.

The opposition pulled the claim after compromises were reached on which couples will be eligible for the tax break on their first home.

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