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Israel Tax Authority Proposes Higher Dividend Payouts and Property Tax
Israel's Tax Authority is proposing to increase the mandatory dividend distribution rate for closely held companies from 6% to 8% and to reinstate a 1.5% annual property tax on vacant land. These measures, aimed at boosting state revenue, would affect business owners and landowners.
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What happened
- 01Israel's Tax Authority proposes increasing mandatory dividend payouts from 6% to 8% for closely held companies.
- 02A 1.5% annual property tax on vacant land is also proposed, which has been at zero since 2000.
- 03These measures aim to increase state revenue without raising VAT or income tax.
- 04The proposals target business owners with accumulated profits and landowners holding vacant plots.
- 05Both measures require future government and Knesset approval and face potential opposition.
The proposals are part of budget considerations for 2027-2028 and still require legislative approval, facing potential opposition.
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