Tax Authority Advances Tax on Rental Income From the First Shekel

In depth

According to TheMarker and Haaretz, the Tax Authority wants to put an end to a situation in which about 100 thousand tax offenders are wandering around Israel. The authority is considering offering the new government a package deal: a tax on rental income from the first shekel, in exchange for a significant easing of purchase tax on investors in housing.

According to Globes, the Treasury is advancing the proposal alongside a requirement to report on every rented apartment, and a easing of purchase tax for investors is being examined in an attempt to soften the blow to the sector. According to Bizportal, for a decade the move has been stuck with the political echelon.

According to Ice, according to the Tax Authority, another election round could delay the decision on lowering purchase tax to a rate of 6%-5%.