Finance Minister Ehud Olmert named Jacky Matza to replace Eitan Rob as the director of the Israel Tax Authority, the Treasury said on Wednesday.
Matza, 37, is the senior deputy director-general for professional matters at the authority, where he has worked since 1993. He will officially start his new job on January 1. "Matza is exceptionally able and was one of the architects of the many reforms that were carried out under Eitan Rob's leadership," Olmert said.Separately, the Treasury said Olmert has decided to cancel stamp duty, a 0.4% tax levied on contracts that dates back to before the creation of the State of Israel. Contracts signed on or after December 1 will be exempt from the tax although the decision needs approval from the Knesset's Finance Committee. The government collected NIS 880m. in stamp duty in 2004 and expects to collect NIS 750m. this year.