Israeli Tax Revenue Up 8.8% Year-Over-Year, Ministry of Finance Reports
Translated & summarized from NEWSru Israel by baba
Israeli tax revenues for January-September 2026 reached 443.7 billion shekels, an increase of 13.3% year-over-year, with real growth at 8.8% after adjustments. September saw a 6% rise in collections, though some payments were deferred due to holidays. While company taxes increased, real estate and capital market revenues showed declines, and the budget deficit narrowed significantly compared to the previous year.
The story in 7 lines · by baba
- Israeli tax revenue for Jan-Sep 2026 totaled 443.7 billion shekels, up 13.3% from the prior year.
- Real tax revenue growth, adjusted for inflation and other factors, was 8.8% for the period.
- September tax collections rose 6% year-over-year, with some payments deferred to October.
- Company tax revenues increased 12% in September, while private business owner taxes fell 10%.
- Real estate transaction taxes declined 18% in September and 3% year-to-date.
- The budget deficit for the first nine months of 2026 was 29.5 billion shekels, down from 56.3 billion.
- Government spending increased 3.4% year-to-date, with defense spending up 9.7%.
Tax revenues collected by the state treasury from January to September 2026 reached 443.7 billion shekels, an increase of 13.3%, or 52 billion shekels, compared to the same period last year. After adjusting for inflation, changes in tax legislation, and one-time payments, the real growth in tax revenue stands at 8.8%.
In September alone, tax collections amounted to 46.1 billion shekels, a 6% increase from the previous year. The Ministry of Finance explained that the timing of autumn holidays caused some payments, estimated at approximately 0.5 billion shekels in VAT and several hundred million shekels in other taxes, to be deferred to October.
Company tax revenues rose by 12% in September, while those from private business owners decreased by 10%, also attributed to payment deferrals. Year-to-date, collections from private business owners have increased by 15%, and from companies by 7%. VAT revenues in September were 14.7 billion shekels, an 8% rise year-over-year when accounting for deferred payments. Since the start of the year, VAT collections have grown by 7%.
Conversely, revenues from real estate transactions saw an 18% decline in September, totaling 1.3 billion shekels. Purchase taxes fell by 16%, and capital gains taxes on real estate decreased by 20%. Over the first nine months of the year, real estate tax revenues are down 3%.
Capital market taxes decreased by 9% in September, though securities tax revenues have increased by approximately 53% since the beginning of the year. Government expenditures have risen by 3.4% year-to-date, with defense spending up 9.7% and civilian ministries' spending up 0.3%. The budget deficit for the first nine months was 29.5 billion shekels, down from 56.3 billion shekels in the same period last year. The September deficit was 10.1 billion shekels. The deficit over the last 12 months remained stable at 3.2% of GDP. The Ministry of Finance anticipates that government spending will continue to accelerate through the end of the year.
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