Treasury proposal sees 1.5% increase in income tax
The Finance Ministry staff has finalized its proposal for the 2013-2014 economic plan, which has been sent to the government ministers and will be discussed by the cabinet on Monday.
According to the proposal, income tax will be raised by 1.5% as of 2014, value added tax will go up by 1% to a level of 18%, corporate tax will increase to 26%, and taxes on cigarettes and alcohol will be raised. (Avital Lahav)
