Israel Pays Out NIS 437m to Firms for Gaza War Losses

Tax Authority received 17,200 claims from Israeli businesses for losses suffered during last summer’s 50-day war with Hamas.

Eliyahu Hershkowitz

The Tax Authority has received about 17,200 claims from Israeli businesses for losses suffered during last summer’s 50-day war with Hamas and its allies in the Gaza Strip. It has so far paid out 437 million shekels ($114 million) for damage, including missed work days by employees and lost sales revenue.

The authority has completed payment on nearly half of all claims filed, and expects a significant number of additional claims to be submitted as the mid-December filing deadline approaches.

During the course of the fighting, which saw thousands of rockets fired at Israeli civilian population centers, the Tax Authority approved regulations that enabled business owners to get an advance on damage claims, even before they filed a formal claim. Some 3,000 businesses received such advances.

During the course of the summer’s Operation Protective Edge in Gaza, the authority estimated that claims for compensation for indirect damages would amount to a billion shekels. This sum does not include direct damage caused by rockets.