Font Size: A A A
Go to:
×
Voyage Search
General Shipping Search
Please select a port in Israel
Please select a port overseas
Exports from Israel
Imports to Israel
Tools & Calculators
Currencies
Update date: 19.01.2019
Currency Rate % Change
USD 3.692 +0.108
EUR 4.2079 +0.067
GBP 4.7765 +0.334
100 JPY 3.3696 -0.608
Currency calculator
Calculators
length area vol. weight
cm
m
km
inch
foot
yard
mile
Clear
square cm
square m
square km
square inch
square yard
square mile
Clear
cc
litre
cubic m
cubic inch
cubic yard
gallon
Clear
kg
short ton
long ton
lb
oz
Clear
Volume Weight Calculator
Ports' Workplan

Treasury raises personal import tax exemption up to US$500

The previous tax exemption ceiling was US$325. Secretary Yair Lapid: " In the campaign against the cost of living, we're also looking at the future"
16.11.14 / 10:16
Treasury raises personal import tax exemption up to US$500
16.11.14
Treasury raises personal import tax exemption up to US$500

Minister of Finance Yair Lapid signed an order granting a total import tax exemption on personally imported products, priced up to US$500. The previous tax exemption ceiling was US$325.

 

The increased exemption on import duties applies to items imported by mail or air. In his announcement of the order, Lapid noted: "In the campaign against the cost of living, we're also looking at the future, and we are therefore bearing good news for consumers shopping on the Internet: approval of an increase in the complete tax exemption for products imported through the web. This is another step in our effort to lower the cost of living by cutting prices, overcoming barriers, and encouraging competition."

 

The change is effective as soon as it is published in official gazette. According to the order, the import tax exemption will apply if the following three conditions are fulfilled: the goods are imported by mail delivery or air delivery, the goods are designed for the person's own use, and the amount of the transaction does not exceed US$500.

 

The exemption does not apply to tobacco and alcohol products or intoxicating beverages. VAT rate (18%) isn't being changed, and will continue to be levied on to personal purchases above US$75. The new change will apply to the most common internet orders of clothes (normally having a 6% duty rate), shoes (12%), and cosmetics and toiletries (12%).

 

×