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Israeli government approves raising VAT rate from 17% to 18%

  • Israeli government approved higher military spending and cuts in education, health, and social services in draft budget for 2025
  • Budget includes raising value-added tax from 17% to 18% to close a budget gap of around 40 billion shekels

Source: yahoo.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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