Tax Authority Chief Warns of Crisis in 2027

In depth

Tax Authority Director Shai Aharonovich said at the Emet Real Estate Conference in Eilat that 2027–2028 will be challenging, and that no tax cut is expected in 2027. According to him, additional sources of revenue will be needed for next year in an amount of about 40 billion shekels.

According to Globes, Aharonovich supports an annual tax on vacant land and a reporting requirement on rental income, and estimates that the fight against black capital could yield an additional 7–8 billion shekels a year. According to TheMarker, he said, "There is no escape from imposing a property tax on vacant land," and expressed concern over the halt of American funding to Israel.

According to Bizportal, Aharonovich said, "Additional elections will extend the high purchase tax for investors," and that the position of the Ministry of Housing and most of his colleagues at the Treasury is to keep the purchase tax on investors at 8% and 10%.