New Tax Bills on Military Fund and Digital Sales

The Financial Committee has endorsed three tax bills previously proposed by the Cabinet, focusing on extending the military tax and introducing taxes on digital platforms and international parcels. Here’s a breakdown of the key changes and their potential implementation timelines.

Military Tax Extension

The military tax is set to continue for an additional three years following the end of martial law. Initially, there were concerns that the tax, which was implemented as a targeted payment for military purposes, was instead being allocated to cashback programs and other initiatives.

Currently, revenues from this tax go into both the general and reserve budgets, from which the government allocates funding for various needs.