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The Finance Ministry wants to increase the negative income tax for people with disabilities and single parents

The Ministry of Finance prepares amendments to the law on negative income tax to reduce social inequality.

According to The Marker, the Ministry of Finance is ready to allocate 130 million shekels a year to increase negative tax for disabled people and single parents.

So, single parents with one or two children will be eligible for a negative tax in case of salary from 1.270 to 9.420 shekels, but not at the salary from 2.050 to 6.140 shekels at the current moment.

In addition, the Ministry is proposing to change the conditions for obtaining a negative tax reservists and individual entrepreneurs.




The Finance Ministry wants to increase the negative income tax for people with disabilities and single parents 07.02.2016

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