New Taxes to Hit Israelis' Wallets – What Will Change
Israelis may face additional expenses in 2027 due to new tax initiatives prepared to replenish the state budget. The proposals include higher airfare, a tax on undeveloped land, and changes to VAT payment procedures, with…
Assessment
Israeli taxpayers are looking at a significant financial hit in 2027 if proposed tax measures go through. The package targets air travel, undeveloped land, and VAT collection changes, aiming to pull in roughly 10 billion shekels annually. The government needs the money to cover rising expenses, but the burden will fall directly on citizens' wallets. Watch for public backlash and political negotiations as the 2027-2028 budget takes shape.