Lapid's Plan to Charge Foreign Tourists VAT Slammed by Tourism Ministry

Finance Minister's proposal to remove VAT exemption would likely bring another NIS 300 million to NIS 500 million into state coffers annually, but ministry director general says Israel is already an expensive destination.

Sharing the tax burden apparently applies to foreign tourists, too: Finance Minister Yair Lapid has proposed cancelling the value added tax exemption currently in place for overseas visitors. The move is likely to bring another NIS 300 million to NIS 500 million into state coffers annually, but was criticized Thursday by the Tourism Ministry.