[:en]The government has unanimously approved the recommendations of the committee on limiting the use of cash in the economy headed by director of the Prime Minister's Office Harel Locker. The aim is to combat black capital and money laundering. The committee estimates the extent of the black economy at 20% of GDP, leading to a loss of state revenue of NIS 40-50 billion annually. המשך…
Israel tax system
[:en]From 1.1.2014 the corporate tax in Israel has increased to 26.5% from 25%.
On dividend a shareholder that hold 10% and above will pay 30%, all the other will pay 25%[:]