BREAKING NEWS

Value added tax increase delayed by one month

By NADAV SHEMER

JULY 31, 2012 14:37

Finance Minister Yuval Steinitz decided Tuesday to delay the 1% Value Added Tax increase by one month, following consultation with Knesset Finance Committee Chairman Moshe Gafni.

VAT was supposed to rise to 17% on Wednesday August 1, but the hike will now be implemented September 1 in order to allow businesses time to prepare, the Treasury said.

The cabinet approved the VAT increase Monday as part of a series of sweeping austerity measures that it hopes will raise NIS 14.15 billion next year and reduce the budget deficit by 1.5%.

No missile attack against Iran, Iranian official tells Reuters

By REUTERS

04/19/2024 06:37 AM

Australian Jewish Association welcomes reported strikes on Iran

By MICHAEL STARR

04/19/2024 06:19 AM

IDF Home Front Command: No change in the public safety directives

By JERUSALEM POST STAFF

04/19/2024 06:02 AM

Pentagon chief Austin discusses Iran, Gaza aid with Gallant

By REUTERS

04/19/2024 03:29 AM