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Israeli Tax Receipts Ahead Of Schedule

by Carla Johnson, Investors Offshore.com, London

06 November 2007


It was reported last week that the Israel Tax Authority has collected NIS 48.9 billion in taxes in Q3 2007, up 8% on the same period in 2006.

Of the tax collected so far, around NIS27.4 billion was in the form of direct tax, and NIS21.5 billion in indirect tax, according to the national media.

The Tax Authority has welcomed the figures as showing "real growth in the economy".

Explaining the reasoning behind the quarterly reporting of tax collection figures, it announced that:

"We are doing this in order for the government to help gain a greater understanding of the patterns of economic growth and we, therefore, include in these quarterly reports a breakdown of the various taxes, such as income, customs and purchase tax, that have been collected," according to the Jerusalem Post.


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