Lapid Orders Higher Tax Rates for Israeli Companies Enjoying Benefits

The new rate on companies that export at least a quarter of their output will go up to 15% from 12.5% for those located in the center of the country.

Companies enjoying tax benefits under the Law for Encouraging Capital Investments will face higher rates this year, Finance Minister Yair Lapid said yesterday, in the wake of a damning report by his own ministry on how little in taxes some of the country’s biggest companies paid.