Shay Aharonovich
Found 6 recent publications
Israel Considers Reinstating Vacant Land Property Tax for 2027-2028 Budget
Faced with heavy budgetary challenges for 2027-2028, Israel's Tax Authority and Ministry of Finance are considering reinstating a 1.5% property tax on vacant land to boost housing supply and curb the deficit without broad tax hikes.
Tax Authority Chief Suggests Eliminating Cash and 200 NIS Notes to Fight Black Economy
Tax Authority Director Shay Aharonovich warned that upcoming state budgets will require severe measures, suggesting the elimination of cash and the 200 NIS banknote to combat the black economy and generate tens of billions in revenues.
The bill for the war years: Tax Authority prepares for a multi-billion deficit in 2027
Israel's 2026 revenues are deceptive. Despite strong tax collection, Tax Authority Director Shay Aharonovich warns of significant fiscal challenges ahead in 2027–2028.
Tax benefits in danger: Tax Authority in a dramatic move that will bring billions to the state
Shay Aharonovich warns that the compensation fund is about to run out, and revealed that the Tax Authority is examining a series of dramatic moves, including imposing property tax, taxing advanced study funds (karanot hishtalmut), and a mandatory reporting requirement on rent that alone would bring in about 1.5 billion shekels a year.
Tax Authority demands immediate VAT transfer, preventing expense offsetting | Yehuda Sharoni
Roi Cohen, President of the Chamber of Independent Businesses (LAHAV): "This is an action that tramples on businesses in Israel and will plunge many into a liquidity crisis." He appealed to the Minister of Finance and the Director of the Tax Authority to stop the reform immediately.
Real-time VAT reform has not yet matured into legislation but is already causing a storm in the economy
The reform promoted by the Tax Authority is intended to fight fictitious invoices by collecting VAT in real-time, instead of the periodic reporting practiced today. The Institute of Certified Public Accountants warns of damage to the cash flow of small businesses and the passing of costs onto consumers. At the same time, the question arises as to how input VAT offsetting will be carried out and...