VAT rise to 18% takes effect

By JPOST.COM STAFF
June 2, 2013 00:31

 
X

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 uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • 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

Value-added tax rose 1 percentage point to 18 percent at midnight on Saturday. At 18%, the tax has returned to its highest ever, matching its level in 1992-1993 and during the period from June 15, 2002, to March 1, 2004. The tax affects every product sold in Israel (except in the Eilat area) with the exemption of fruit and vegetables.

And first thing on Sunday, the cost of gasoline rises 3.58%.

One liter of 95 octane gasoline will cost NIS 7.52, 69 agorot more than last month. The cost of gasoline is updated on the first day of every month. Part of the rise is due to the increase in VAT.

On Saturday night, several hundred social justice activists demonstrated in Jerusalem, Haifa and Tel Aviv against the price hikes.

Related Content

Breaking news
July 23, 2018
Gunman dead after shooting 9, including girl, in Toronto

By REUTERS