Tax revenues up 1% to NIS 12.7 billion in October

Since January, tax revenues have reached NIS 135.6b., compared to NIS 125.6b. for the first 10 months of 2004.

November 2, 2005 06:44
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The government collected NIS 12.7 billion in taxes in October, the Tax Authority, a branch of the Finance Ministry, said Tuesday. This was an increase of 1 percent in real terms from the same month last year, even though their were only 13 working days this October due to the holidays, most of which fell in September in 2004. Tax revenues totalled nearly NIS 14.6b. in September 2005. Since January, tax revenues have reached NIS 135.6b., compared to NIS 125.6b. for the first 10 months of 2004. The authority reported that income from direct taxes, including those on income, capital gains and real estate, increased 7.8% to NIS 7.1b. in October, while revenues for the first 10 months year rose 9.6% from the parallel period in 2004, to NIS 73.6b. Indirect taxation, including VAT and duties on imports, purchases, fuel and tobacco, totalled NIS 5.3b., a drop of 5.9% from a year earlier, and NIS 58.4b. since January, a rise of 4.1%. The government collected NIS 311 million in late fees in October and NIS 3.5b. so far this year.

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