Taxes

Business owners to protest outside Knesset as Smotrich raises Israel's import tax exemption

The government approved Smotrich's order on Sunday and is expected to be finalized through a vote in the Knesset plenum on Monday evening.

FEBRUARY 23, 2026|ByKESHET NEEV

Finance Minister and Head of the Religious Zionist Party Bezalel Smotrich leads a faction meeting at the Knesset, the Israeli parliament in Jerusalem, February 16, 2026.

Israel’s ultra-Orthodox Jewish sector has been protesting over the attempts to draft young haredi men into the military.

Study shows how Israel's economy funnels money to ultra-Orthodox families through benefit programs

The study, titled "On Taxes and Wonders," mapped, for the first time comprehensively, all that Israeli citizens give to the state and all that they receive from it.

FEBRUARY 17, 2026|ByARIEL FEIGLIN

New York City Mayor Zohran Mamdani holds a press conference at the New York City Office of Emergency Management, as a major winter storm spreads across a large swath of the United States, in Brooklyn, New York City, US, January 25, 2026.

Mamdani calls for 2% tax hike on wealthy New Yorkers

The New York City mayor claimed that increasing taxes by 2% on those earning more than a million dollars per year would resolve nearly half of the city's budget deficit.

FEBRUARY 12, 2026|ByREUTERS

New Israeli Shekel banknotes are seen in this picture illustration taken November 9, 2021

Ashdod shop owner suspected of laundering money using ATM

According police, income from cash sales at the store, which was concealed from the tax authorities, was laundered through the suspect's bank accounts by depositing the cash into an ATM at the store

FEBRUARY 10, 2026|ByJERUSALEM POST STAFF

Your Taxes: What to consider before any merger and acquisition deal

Mergers and acquisition deals tend to be 10% economic, 10% tax, 10% legal, and 70% psychological. The “smell of the money” affects people’s behavior in many deals.

FEBRUARY 6, 2026ByLEON HARRIS

AS THE US and China battle it out over supply chains and global trade flows, Israel, also the subject of US tariffs, finds itself navigating particularly complex terrain. Here, a man looks at a screen showing Chinese stock market movements, as he uses his mobile phone in Beijing on Monday.

Your Taxes: Reportable income-tax positions target shelters in US

A reportable income-tax position is a position contrary to a position published by the ITA if the tax advantage exceeds NIS 5 million in the tax year or NIS 10m. over four years.

JANUARY 16, 2026ByLEON HARRIS

Income Tax and Property Tax Department at the Finance Ministry

Your Taxes: Will Israel's proposed property tax crash again?

As Israel introduces new tax breaks for reservists, the government also considers reviving a 1.5% wealth tax on land, targeting property owners in 2026.

JANUARY 9, 2026ByLEON HARRIS

Your Taxes: New Israeli taxation rule calls for immediate action

Unfortunately, the trapped profit rules hardly encourage olim who own companies abroad to migrate to Israel.

JANUARY 2, 2026ByLEON HARRIS

Thousands of additional shekels can be saved every year with tax exemption

Bahrain unveils massive reform package to tackle $50 billion debt crisis

The reform package includes higher electricity and water tariffs, with an exception for citizens’ first homes, which will continue to receive subsidized rates up to a specified limit.

JANUARY 1, 2026ByHUDHAIFA EBRAHIM / THE MEDIA LINE

BAHRAIN'S MINISTER of Finance and National Economy, Sheikh Salman bin Khalifa al-Khalifa speaks during a financial conference in Manama, Bahrain February 27, 2019.

Smotrich threatens to double tax on Israeli banks if consumer benefits canceled

According to the Finance Ministry, the tax will bring in NIS 1.13 billion in 2026, rising to NIS 1.5 billion each year from 2027 to 2029.

DECEMBER 28, 2025ByASAF ZAGRIZAK/GLOBES/TNS

Finance Minister Bezalel Smotrich arrives to a conference of the Israeli newspaper Makor Rishon in Jerusalem, December 25, 2025

Your Taxes: Leaving Israel? Leave your pension here

Section 87 seeks to preserve such monies until retirement age (men, age 67, and women, age 64, generally). The penalty for early payout is a 35% tax charge.

DECEMBER 26, 2025ByLEON HARRIS