Category: Law & Taxation

VAT in Israel
Law & Taxation

VAT in Israel lowered to 17%—good news for homebuyers

As the government decided yesterday to lower the value-added-tax rate (VAT) in Israel by 1% from 18% to 17%, local and overseas homebuyers in the process of planning to purchase a new apartment in Israel are able to moderately reduce some of the cost involved. When buying a property in Israel, VAT is included in the price of...

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