Israel to Cut Fuel Tax by NIS 0.50 Next Week
Translated & summarized from Kan News by baba
Israel's Ministry of Finance is proposing a NIS 0.50 reduction in the gasoline excise tax, with the cut expected to take effect next week after a public comment period. The new price will be implemented at midnight Sunday.
The story in 4 lines · by baba
- Israel plans to reduce gasoline excise tax by NIS 0.50.
- The tax cut will take effect next week.
- The measure is open for public comment until Sunday.
- Finance Minister Smotrich will sign the final order.
Israel's Ministry of Finance announced Thursday it is proposing a NIS 0.50 reduction in the excise tax on gasoline, opening the measure for public comment. The proposed cut is expected to take effect next week, following the conclusion of the public comment period on Sunday. Finance Minister Bezalel Smotrich is slated to sign the order, pending review of public feedback. The new, lower price for gasoline will be implemented at midnight between Sunday and Monday.
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