Companies / Israel
Israel To Introduce Green Tax
January 2008 | Legal NewsThe Israeli government has announced plans to introduce a new taxation policy on vehicles, in a bid to encourage the purchase of cars with lower emissions. Under the terms of the new scheme, cars with lower emission will be charged at a 10% tax rate, while those considered less 'green' will be charged at 60%. However, the government statement went on to say that from 2015, taxes on cleaner cars would be increased, while the rates on less environmentally friendly cars would be lowered.
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