VAT hike postponed to after Shabbat

May 26, 2013 17:12


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

The VAT increase will be pushed off by a day in order to avoid desecrating Shabbat, the Finance Ministry announced Sunday, following a request from Knesset Finance Committee chairman Nissan Slomiansky (Bayit Yehudi).

The 1-percentage point increase, raising the VAT to 18%, was scheduled to go into effect at midnight on May 31, a Friday night, and will now take place on June 1.

Slomiansky said he is glad the Finance Ministry was responsive and expressed hope that, in the future, changes will not be scheduled for Saturdays.

According to law, products must be re-labeled and their prices digitally updated as soon as the VAT changes. If the increase were not postponed, it would have required people to violate Shabbat by changing prices on Friday night.

Related Content

Breaking news
August 20, 2018
Russia's Putin, despite sanctions, still hopes for better U.S. ties