The Tax Authority of Israel released amended Value Added Tax (VAT) Circular 3/2017 on September 4, 2017. Under section 67 (a2) (1) of the VAT Law, the amount of the transactions turnover was updated. The VAT return threshold amount sets at NIS 1,490,000 instead of NIS 1,500,000. This amount will be applicable from January 1, 2018. According to Section 67 (a2) (1) of the VAT Law, taxable persons with annual turnover more than the threshold amount are required to submit VAT returns on a monthly basis. But taxpayers with annual turnover not exceeding the threshold are need to submit VAT returns on a bimonthly basis.
Related Posts
Israel: Parliament passes law for Pillar 2 global minimum tax
January 02, 2026
The Israeli parliament (Knesset) approved the Corporate Minimum Tax for Multinational Groups Law in its second and third readings, implementing the OECD’s Pillar 2 rules into domestic legislation on 29 December 2025. The legislation
Read More Israel: MoF to impose additional 15% tax on banks’ excess profits, approves higher tax-free import threshold
December 24, 2025
Israel’s Ministry of Finance has proposed a temporary tax on banks’ excess profits and approved a higher tax-free import threshold in an announcement on 23 December 2025. The initiative is aimed at easing pressure on consumers but was
Read More Israel: MoF consults draft law to safeguard R&D tax benefits under global minimum tax rules
December 23, 2025
Israel’s Ministry of Finance launched a public consultation on 15 December 2025 on a draft memorandum aimed at keeping the country’s tax incentives competitive ahead of the introduction of a qualified domestic minimum top-up tax in 2026. The
Read More Israel: Cabinet approves 2026 state budget amid controversy
December 09, 2025
The Israeli cabinet approved the 2026 state budget on 5 December 2025 after prolonged negotiations and internal disputes over allocations. The key tax measures and policy changes are as follows: Corporate and Banking Taxes New measures
Read More
Azerbaijan, Israel conclude fourth Joint Economic Commission
November 21, 2025
The fourth session of the Joint Economic Commission between Azerbaijan and Israel was held on 20 November 2025 in Jerusalem, co-chaired by Azerbaijani Economy Minister Mikayil Jabbarov and Israeli Minister Zeev Elkin. The meeting highlighted the
Read More Israel: MoF announces tax reforms for R&D centres
November 05, 2025
Israel’s Ministry of Finance presented reforms in its taxation policy on 2 November 2025, designed to facilitate activities and increase the attractiveness of the Israeli high-tech industry. The reform was formulated by a team that included
Read More