For example, a builder sold a new home for NIS 3 million on August 1, with payments due as follows: NIS 500,000 on September 1, NIS 900,000 on December 1, NIS 1m. on March 1, together with the ...

VAT can be one of the trickier areas for self-employed taxi drivers to navigate if they are earning near the threshold. Many ...

Simon Harris says the Government made a ‘solemn’ promise to cut the VAT rate for hospitality in the budget. But is there a better way to support struggling businesses?

Increasing VAT is likely to be the least bad option. First, it raises significant revenue, at about 17 per cent of total tax revenue.