Israel Seeks Introduction Of A Digital Sales Tax

Author:Mrs Henriette Fuchs
Profession:Pearl Cohen Zedek Latzer Baratz
 
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Israel's Finance Ministry and tax authority announced in the last week of April that they intend to introduce a digital sales tax (DST) that may reap some ILS 1 billion ($280 million) for the treasury. The tax authorities will be working on a tax on the local sales turnover of foreign digital companies in Israel. The authorities are considering a 3-5% DST rate, which is similar to the tax France recently...

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