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News

| Kahlon cancels import taxes on smartphones

Zev Stub    
Thursday, 20 April 10:05 AM
Minister of Finance Moshe Kahlon has already signed an order canceling the import tax of mobile telephones as part of his "Family Net" tax cut plan, which was unveiled by the Ministry of Finance earlier this week. Importers must pay purchase tax of 15% on the import of mobile phones and smartphones as well as 17% VAT.

This means smartphones should now cost hundreds of shekels less while competition between importers and retailers will intensify. The reduction will come into effect from Sunday, April 23.
 
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