Steinitz Launches New 2% Surtax on the Rich

Tax applies to incomes of NIS 800,000 a year, which includes not just salary but capital gains, dividends, interest, rents, etc. so that now any employee with a monthly salary of over NIS 67,630 will pay the extra 2% starting January 2013.

The rich will be paying higher income taxes as of this year. Finance Minister Yuval Steinitz signed the new tax regulations in recent days, which levy a 2% surtax on incomes of NIS 800,000 a year. This sum includes taxable income from any source - not just salary - including capital gains, dividends, interest, rents, etc. Steinitz had to sign the new withholding rules, so that now any employee with a monthly...