Legal Updates

Financial package to business due to the Covid19 Crisis: three-month city tax exemption

April 21, 2020
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Published in Afik News 308 06.05.2020

Due to the crisis created by the Corona Virus and the need to provide financial assistance to businesses, regulations were promulgated to provide for a 100% discount on business city tax for the period from 01.03.2020 to 31.05.2020 were approved. The discount will be given to all properties except certain excluded types such as: residential properties, banks, insurance companies, food stores and more. The regulations allow local authorities to decide at their discretion to grant a 25% annual discount instead of 100% discount for three months.

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