Israel’s Minister of Finance Bezalel Smotrich has signed orders reducing the excise tax and purchase tax imposed on gasoline. The orders state that during the month of August 2023, a purchase tax and excise tax in the amount of 2,582.35 Shekels (USD 700) per thousand litres (264 gallons) will be applied to gasoline, so that […]
The Authority for Consumer Protection and Fair Trade announced Thursday its intention to issue an administrative order to stop violations of monopolistic practices that it charged Israel’s three major soft drink companies to engage in. The companies are the Central Company for the Production of Soft Drinks, Tempo Beverages, and Yapaura-Taburi. The Authority ordered the […]
The Free Trade Agreement (FTA) between Israel and India will be discussed on Tuesday, Israel’s Minister of Economy Nir Barkat said adding that the Indian economy is rising to be the third in the world. Replying to a media query over FTA between India and Israel, Barkat said, “I’m going to be discussing it with […]
