Israeli VAT Hiked To 18 PercentIsrael's value-added tax rate was hiked to 18 percent from 17 percent on June 2, 2013, after approval from the nation's parliament, the Knesset on May 29, 2013.
This is the third time in Israel's history that the nation has levied an 18 percent rate, mirroring decisions taken in 1991 and 2002, to assist in fiscal consolidation efforts.
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