The Jerusalem Post - Israel News

VAT

Service industry staff do not need to pay VAT on tips, Tax Authority confirms

The Tax Authority had initially decided to begin enforcing VAT on tips from June 1, 2025, onwards, but this decision was successfully reversed.

|ByJERUSALEM POST STAFF
Tips jar with money on light wooden table in cafe; illustrative
Mortgage

Steep fall in mortgage taking in Israel in January

Compared with January 2024, mortgage taking was up 30% and up 15% from January 2023.

|ByARIK MIROVSKY/GLOBES/TNS
KSP Logo

Altshuler Shaham to acquire 20%-25% stake in KSP at NIS 2.3 billion valuation

Altshuler Shaham leads institutional investors in acquiring a 20%-25% stake in KSP, valuing the retail chain at NIS 2.3 billion, amid strong financial results and shifting expansion plans.

|ByHEZI STERNLICHT/GLOBES/TNS
SCENES FROM Tel Aviv: Checking out apartment prices.

Israeli home purchases by foreign residents jump 50%

In November-December, they purchased 22 apartments at prices of more than NIS 10 million, out of 72 such apartments purchased in 2024, a large part of which were new apartments.

|ByARIK MIROVSKY/GLOBES/TNS

Food chain surprises: "We will absorb the VAT increase"

Carrefour announced it will absorb the VAT increase on 1,700 private label products, including food, pharmaceuticals, toiletries, and fresh meat, chicken, and fish.

JANUARY 8, 2025
ByLIAT RON/WALLA
Carrefour Dizengoff Center. The 80th branch in Israel