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The Finance Ministry is preparing a program «Net industry»

The Ministry of Finance and economy, will halt the approval process of the program «Net industry» aimed at supporting the Israeli industrial production.

As reported by «Globes», at the moment between the Ministry of Finance and Association of Industrialists are negotiating the form and amount of benefits to be included in the program.

Among other things, manufacturers are required to reduce from 16% to 12% the amount of tax paid by the company in the center of the country in the framework of the law on capital investment, while the Finance Ministry is ready to talk only about investments in the peripheral areas.

In addition to tax benefits, the program will include measures to reduce state regulation, subsidising the systems of vocational training, measures to improve the level of productivity and preference for Israeli products in public contracts.

The Finance Ministry is preparing a program «Net industry» 09.08.2017

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