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The Ministry of Finance in January 2016 raised a record 27 billion shekels in taxes

According to the report of the Ministry of Finance, in January 2016, would set an Israeli record for tax revenue in a calendar month.

For the first month of the current year to the state Treasury came to 27.4 billion shekels in taxes, which is 8.4% more than in 2014 in real terms and $ 2 billion more budgeted figure.

In General, in recent months the growth in tax receipts compared with last year is about 6%.

It should be emphasized that the growth in tax receipts occurred against the background of the reduction of VAT from 18% to 17% and lower tax revenues from 26.5% to 25%.

If not for these changes, growth in tax revenue would have amounted in January to 10%.

In January, NIS 13.7 billion came from direct taxes (income tax, tax on corporate incomes, and property taxes) and 13.2 per cent from indirect taxes (VAT, customs duties, purchase tax). Another 0.6 billion shekels were received from state fees.




The Ministry of Finance in January 2016 raised a record 27 billion shekels in taxes 08.02.2016

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