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Taxes

New year price hikes drive up cost of living nationwide

From electricity and water to property taxes, food and electric vehicles, a broad wave of state-led price hikes takes effect on January 1, with tax relief promised only later if the 2026 budget is approved in March

Gad Lior | 01.01.26

סמוטריץ' לא חוזר בו מהקפאת הכספים לרשויות הערביות: "לא נבהל מהמתקפות"

New year, new taxes? What awaits Israelis on January 1

As 2026 begins under a temporary budget, key tax changes are set to take effect—from pension tweaks to higher VAT and EV levies—while major reforms, including income tax relief and property levies, remain stalled in the Knesset

Gad Lior | 12.30.25

Smotrich declares war on the banks as they threaten the public will pay

As banks post tens of billions of shekels in earnings, the finance minister pushes a special tax, regulators warn of consumer fallout and the fight heads toward the Knesset and the High Court

Gad Lior | 12.28.25

Finance Minister Smotrich escalates fight with Israeli banks, pushes 15% tax on excess profits

Israel’s finance minister plans to impose a 15% tax on banks’ excess profits, more than double the rate recommended by a special panel, with expected revenues of about $354 million in 2026 and at least $470 million annually from 2027

Gad Lior | 12.23.25

Israel to double VAT-free limit on overseas online orders; retailers fume

Finance Minister Bezalel Smotrich set to double VAT exemption on personal imports to $150, effective within days; move, criticized by treasury officials and business groups, expected to cost state coffers billions and hurt local retailers

Gad Lior | 12.22.25

Israel probes major tax fraud tied to Alibaba, AliExpress imports

Israel Tax Authority investigates Tim International Transport and its owner over alleged smuggling, false customs declarations and VAT fraud worth millions in goods imported for Alibaba and AliExpress, using concealed warehouses and illegal offsets

Gad Lior | 08.27.25

הפגזות כוחות צה"ל ברצועת עזה, נתניהו, סמוטריץ

Cost of Israeli control of Gaza could exceed $50 billion a year, estimates show

Israel risks severe economic strain from the costs of total military control of encalve and a stalled 2026 budget, with officials warning of deep cuts, higher taxes and potential credit downgrades as war expenses soar

Gad Lior | 08.10.25

Israel seizes assets of Medtronic subsidiary in $180 million tax dispute

An Israeli subsidiary of a U.S. medical device giant is fighting a $180 million tax bill, claiming it lacks the assets to pay and that negotiations for a settlement were underway before the state moved to seize its property

Calcalist | 05.26.25

תיעוד: פעילות כוחות חטיבת 'אגרוף הברזל' במרחב רפיח

Cost of Gaza war escalation could top NIS 15.4 billion, threatening Israeli budget stability

Finance Ministry officials warn expansion of ground operations will trigger steep cuts to public services, and require new taxes, as Israel faces growing pressure to fund prolonged reservist mobilization and defense needs

Gad Lior | 05.05.25

America's rich turn to Swiss banks to diversify from dollar

Swiss financial consultant says people motivated by concerns over weakening dollar and decline of rule of law under Trump, leaning toward stable Swiss economy, strong currency and reliable legal system

News agencies | 04.20.25

Moody’s delays Israel credit rating report, citing geopolitical uncertainty

Agency opts to publish warning notice to investors last week, citing country's internal political developments and ongoing fighting as causes for concern; sees mass protests as sign of resilience of democracy

Gad Lior | 03.30.25

Google's Wiz acquisition could deliver $3.5B tax windfall for Israel

Parent company's proposed $32 billion purchase of Israeli startup Wiz could inject $3.5 billion in taxes, potentially preventing budget cuts and easing the deficit; founders may seek tax minimization strategies

Gad Lior | 03.18.25

Last chance before the change: Planning your move to Israel? Here's what to know

Starting Jan. 2026, new immigrants and returning residents in Israel must report all global income and assets under a new law aligning with OECD standards; amendment ends longstanding exemptions, increasing transparency and scrutiny by Tax Authority

Adv. Amit Gottlieb, Adv. Dvir Saadia | 01.22.25

Houthi missile attack on central Israel school results in 40 million shekels in damage

Missile caused heavy damage to the elementary school near Tel Aviv, despite being 'partially intercepted'

Gad Lior | 12.22.24

Apple loses fight against $14.4 billion EU tax order to Ireland

Court orders iPhone maker to pay billions in back taxes as part of EU crackdown against sweetheart deals between EU countries and multinationals

News agencies | 09.10.24