Israel Tax Authority Reports 38 Billion Shekels Paid in War-Related Compensation
Translated & summarized from Ice by baba
The story in 5 lines · by baba
- Israel Tax Authority paid 38.3 billion shekels in war compensation.
- Nearly 1.2 million claims were filed for damages since October 7.
- 30 billion shekels covered indirect and economic business losses.
- 8.3 billion shekels compensated for direct physical damages.
- Compensation covered property, vehicles, and infrastructure.
Three years after the October 7, 2023, attacks, the Israel Tax Authority has released comprehensive data on the Property Tax Compensation Fund's activities during the "Swords of Iron," "With Strength of a Lion," and "Roaring Lion" military operations. Since the war began, the fund has received nearly 1.2 million claims for direct and indirect damages, disbursing approximately 38.3 billion shekels to support the home front and maintain economic stability.
In terms of direct damages, around 168,000 claims have been filed for physical harm to structures, vehicles, property, and infrastructure since October 7, 2023. The total payout for these damages amounts to about 8.3 billion shekels. This compensation also covered lost rental income for damaged buildings during the "With Strength of a Lion" and "Roaring Lion" operations, and funded temporary hotel stays for evacuees during "Roaring Lion."
The largest portion of the fund's activity involved compensation for indirect and economic damages, aimed at covering business losses due to the security situation. This track saw approximately one million claims, with total payments reaching about 30 billion shekels. These payments were distributed through various channels, including a nationwide track, specialized "green" tracks for severely affected areas and industries, a "red" track for communities near the Gaza border and the northern confrontation line, and compensation for businesses indirectly impacted by direct damage during the "Roaring Lion" operation.
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