Israel Tax Agency Announces Order to Continue Purchase Tax on Electric Vehicles, With Amendments

The Israeli Tax Authority March 13 announced the Finance Minister’s signing of an order to continue the purchase tax on electric vehicles, with amendments. The order includes measures to: 1) impose a 45 percent purchase tax on private electric vehicles with a benefit ceiling of 35,000 Israeli shekels (US$9,512), from March 13 until Dec. 31; 2) impose a 45 percent purchase tax on commercial vehicles of all weights with a benefit ceiling of 35,000 shekels from March 13, 2025, until May 12, 2025, and a 35 percent purchase tax with a benefit ceiling of 50,000 shekels from May 13, 2025, ...