Treasury to recommend gov't raises VAT to 16.5%

By JPOST.COM STAFF
May 12, 2009 02:36

At a meeting late Monday night, Prime Minister Binyamin Netanyahu and Finance Minister Yuval Steinitz decided that the Treasury will recommend that the government raise VAT (value added tax) by one percent, bringing it to 16.5%, according to Israel Radio. The report added that Netanyahu and Steinitz made the decision as part of an effort to lower the national deficit.


Related Content

Jisr az-Zarq
April 3, 2014
Residents of Jisr az-Zarqa beckon Israel Trail hikers to enjoy their town

By SHARON UDASIN

Cookie Settings