Legal Updates

Reduction of the Israeli VAT burden from 18% to 17% as of October 1, 2015

October 1, 2015
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On September 10, 2015 the Value Added Tax Order (Rate of Tax on Transactions and on Import of Goods) (Amendment), 2015, was officially published. In such order the Israeli Minister of Finance set that the Israeli VAT shall be reduced from 18% to 17% as of October 1, 2015.