The Employment Grant Program (previously named “negative income tax” or “working tax grant”) is intended to encourage participation in the workforce for low income earners, to increase the disposable income of those employed at the lower income brackets and to reduce income inequality.
In April 2017, eligibility for the grant was expanded by Finance Minister Moshe Kahlon. All figures regarding criteria and grant amounts are based on the last published results. Revised figures are expected in July 2017. [Read more…]