Honey customs tax reduced

Research from the FICC noted that sales of honey in Israel annually reach NIS 85-90 million.

By MATTHEW KRIEGER
October 24, 2007 08:05

The Federation of Israeli Chambers of Commerce reported said that as a result of unusually high prices of locally produced honey, the amount of custom taxes paid on imported honey will be reduced. According to Yossi Temler, the director of the customs and standardization branch of the FICC, the Tax Authority has agreed to reduce the amount of customs tax on honey from NIS 16 per kilogram to NIS 7/kg. Research from the FICC noted that sales of honey in Israel annually reach NIS 85-90 million.


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