Tax Authority prepares a NIS 10 Billion economic plan for the incoming government
Résumé détaillé
Tax Authority prepares steps for new government to yield billions, including vacant land & travel taxes, plus real-time VAT. The director warns against new elections.
The Authority is currently drafting several urgent tax measures for the next government, some of which are set to be included in the Economic Arrangements Bill as part of the 2027–2028 state budget. Shay Aharonovich, Director of the Tax Authority, revealed a portion of these upcoming steps during the Contractors Conference in Eilat.At the top of the Authority's immediate agenda are two primary steps: Introducing a property tax on unbuilt land and implementing real-time online VAT collection, which will process tax immediately upon the execution of a transaction. Together, these moves are expected to generate an additional NIS 10 billion in annual revenue while closing existing tax loopholes.
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