The law freezing and reducing”recovery” pay (“avraha”) for 2025 has not yet come into effect. “Recovery” days (“avraha”) should not be deducted or frozen in 2025 until the law comes into effect admin / 01/02/2025
The validity of the Income Tax Regulations (Tax Rate on Income from Shift Work), 1986, has not been extended. The tax credit for shift work has been abolished admin / 01/02/2025
The tax brackets and the value of the credit point for 2025 remain unchanged. The freeze on the tax brackets is valid until 2027 admin / 01/02/2025
The increase in VAT from 17% to 18%, effective from 01/01/25, was approved in the second and third readings. admin / 28/10/2024
On July 16, 2024, the Israeli Knesset approved the amendment to the “Savings for Every Child” program in its second and third readings admin / 02/08/2024
06/06/24: Implementation of the “Payment Services Regulation and Payment Initiation Law” admin / 10/06/2024
Implementation of the “Freeze and Reduction of Recuperation Pay in 2024 for Budgeting Benefits for Reservists Act, 2024” effective from 18/03/24 admin / 23/04/2024
The “Assistance to Parents of Children up to Age 3 (Legislative Amendments), 2024” Law Comes into Effect admin / 21/04/2024