{"id":8365,"date":"2025-09-21T09:57:49","date_gmt":"2025-09-21T09:57:49","guid":{"rendered":"https:\/\/aboulafia.co.il\/?p=8365"},"modified":"2025-09-21T09:57:49","modified_gmt":"2025-09-21T09:57:49","slug":"income-tax-rates-going-up","status":"publish","type":"post","link":"https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/income-tax-rates-going-up\/","title":{"rendered":"Income tax rates going up"},"content":{"rendered":"

As part of the new budget, taxes are rising across the board.<\/p>\n

<\/div>\n
We have already seen an increase in the\u00a0VAT rate<\/a>\u00a0and\u00a0property taxes<\/a> are going up as well. Now, income taxes on earned income (e.g. salary, pensions\u00a0& self-employment income etc.) are joining the club \u2013 in addition to the increases that already came into effect for 2013.<\/div>\n
<\/div>\n
The three lowest bands of tax are increasing by 1% each, the fourth band is going up by 1.4% and there is a 2% increase for the two highest bands.<\/div>\n
<\/div>\n
A more subtle hit that has been announced is that the annual inflationary increases in the tax bands and the value of credit-points is being cancelled for 2014.<\/div>\n
<\/div>\n
Corporations will see their income taxed at 26.5%, up from 25%.<\/div>\n
<\/div>\n
Overall, the implication is that more people will be paying tax, and those already paying will see even less of their income in their pockets.<\/div>\n
<\/div>\n
The following table summarizes the tax bands and rates for both 2013 & 2014.<\/div>\n
<\/div>\n
\n\n\n\n\n\n\n\n\n\n
\n
Amount (NIS\u00a0yearly)<\/b><\/div>\n<\/td>\n
\n
2013 tax rates<\/b><\/div>\n<\/td>\n
\n
2014 tax rates<\/b><\/div>\n<\/td>\n<\/tr>\n
\n
Up to 63,360<\/div>\n<\/td>\n
\n
10%<\/div>\n<\/td>\n
\n
11%<\/div>\n<\/td>\n<\/tr>\n
\n
63,361 \u2013 108,120<\/div>\n<\/td>\n
\n
14%<\/div>\n<\/td>\n
\n
15%<\/div>\n<\/td>\n<\/tr>\n
\n
108,121 \u2013 168,000<\/div>\n<\/td>\n
\n
21%<\/div>\n<\/td>\n
\n
22%<\/div>\n<\/td>\n<\/tr>\n
\n
168,001 \u2013 240,000<\/div>\n<\/td>\n
\n
31%<\/div>\n<\/td>\n
\n
32.4%<\/div>\n<\/td>\n<\/tr>\n
\n
240,001 \u2013 501,960<\/div>\n<\/td>\n
\n
34%<\/div>\n<\/td>\n
\n
36%<\/div>\n<\/td>\n<\/tr>\n
\n
Thereafter<\/div>\n<\/td>\n
\n
48%<\/div>\n<\/td>\n
\n
50%<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n

A single credit-point is worth 2,616 NIS per annum.<\/p>\n

\n<\/div>\n

A number of other amendments were announced in the new law, most of which are beyond the scope of this blog (at this time).<\/div>\n
<\/div>\n
However, one point to note is that the credit-points given on completion of academic studies (see\u00a0here<\/a>)\u00a0will be cancelled for those finishing in 2016 and onwards. Those who complete their studies by the end of 2013 will be under the old rules. Those finishing in either 2014 or 2015 will get fewer points for fewer years; the exact configuration based on the type of study completed and the number of years spent studying.<\/div>\n","protected":false},"excerpt":{"rendered":"

As part of the new budget, taxes are rising across the board. We have already seen an increase in the\u00a0VAT rate\u00a0and\u00a0property taxes are going up as well. Now, income taxes on earned income (e.g. salary, pensions\u00a0& self-employment income etc.) are joining the club \u2013 in addition to the increases that already came into effect for […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[200,253],"tags":[],"class_list":["post-8365","post","type-post","status-publish","format-standard","hentry","category-israeli-taxation-en","category-binyamin-radomsky-en"],"acf":[],"yoast_head":"\nIncome tax rates going up - \u05d0\u05d1\u05d5\u05dc\u05e2\u05e4\u05d9\u05d4 \u05e8\u05d5\u05d0\u05d9 \u05d7\u05e9\u05d1\u05d5\u05df<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/income-tax-rates-going-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Income tax rates going up - \u05d0\u05d1\u05d5\u05dc\u05e2\u05e4\u05d9\u05d4 \u05e8\u05d5\u05d0\u05d9 \u05d7\u05e9\u05d1\u05d5\u05df\" \/>\n<meta property=\"og:description\" content=\"As part of the new budget, taxes are rising across the board. We have already seen an increase in the\u00a0VAT rate\u00a0and\u00a0property taxes are going up as well. Now, income taxes on earned income (e.g. salary, pensions\u00a0& self-employment income etc.) are joining the club \u2013 in addition to the increases that already came into effect for […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/income-tax-rates-going-up\/\" \/>\n<meta property=\"og:site_name\" content=\"\u05d0\u05d1\u05d5\u05dc\u05e2\u05e4\u05d9\u05d4 \u05e8\u05d5\u05d0\u05d9 \u05d7\u05e9\u05d1\u05d5\u05df\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-21T09:57:49+00:00\" \/>\n<meta name=\"author\" content=\"Rachel Levin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rachel Levin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/income-tax-rates-going-up\/\",\"url\":\"https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/income-tax-rates-going-up\/\",\"name\":\"Income tax rates going up - \u05d0\u05d1\u05d5\u05dc\u05e2\u05e4\u05d9\u05d4 \u05e8\u05d5\u05d0\u05d9 \u05d7\u05e9\u05d1\u05d5\u05df\",\"isPartOf\":{\"@id\":\"https:\/\/aboulafia.co.il\/en\/#website\"},\"datePublished\":\"2025-09-21T09:57:49+00:00\",\"author\":{\"@id\":\"https:\/\/aboulafia.co.il\/en\/#\/schema\/person\/2054089d644528990cb12e0974ece747\"},\"breadcrumb\":{\"@id\":\"https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/income-tax-rates-going-up\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/income-tax-rates-going-up\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/income-tax-rates-going-up\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u05d3\u05e3 \u05d4\u05d1\u05d9\u05ea\",\"item\":\"https:\/\/aboulafia.co.il\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Income tax rates going up\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/aboulafia.co.il\/en\/#website\",\"url\":\"https:\/\/aboulafia.co.il\/en\/\",\"name\":\"\u05d0\u05d1\u05d5\u05dc\u05e2\u05e4\u05d9\u05d4 \u05e8\u05d5\u05d0\u05d9 \u05d7\u05e9\u05d1\u05d5\u05df\",\"description\":\"Just another WordPress site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/aboulafia.co.il\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/aboulafia.co.il\/en\/#\/schema\/person\/2054089d644528990cb12e0974ece747\",\"name\":\"Rachel Levin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/aboulafia.co.il\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8645467386afae1c19e26d165518fc0e843acc6ffb76cb6b7207c4138d63a605?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8645467386afae1c19e26d165518fc0e843acc6ffb76cb6b7207c4138d63a605?s=96&d=mm&r=g\",\"caption\":\"Rachel Levin\"},\"url\":\"https:\/\/aboulafia.co.il\/en\/author\/rachel\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Income tax rates going up - \u05d0\u05d1\u05d5\u05dc\u05e2\u05e4\u05d9\u05d4 \u05e8\u05d5\u05d0\u05d9 \u05d7\u05e9\u05d1\u05d5\u05df","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/income-tax-rates-going-up\/","og_locale":"en_US","og_type":"article","og_title":"Income tax rates going up - \u05d0\u05d1\u05d5\u05dc\u05e2\u05e4\u05d9\u05d4 \u05e8\u05d5\u05d0\u05d9 \u05d7\u05e9\u05d1\u05d5\u05df","og_description":"As part of the new budget, taxes are rising across the board. We have already seen an increase in the\u00a0VAT rate\u00a0and\u00a0property taxes are going up as well. Now, income taxes on earned income (e.g. salary, pensions\u00a0& self-employment income etc.) are joining the club \u2013 in addition to the increases that already came into effect for […]","og_url":"https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/income-tax-rates-going-up\/","og_site_name":"\u05d0\u05d1\u05d5\u05dc\u05e2\u05e4\u05d9\u05d4 \u05e8\u05d5\u05d0\u05d9 \u05d7\u05e9\u05d1\u05d5\u05df","article_published_time":"2025-09-21T09:57:49+00:00","author":"Rachel Levin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Rachel Levin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/income-tax-rates-going-up\/","url":"https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/income-tax-rates-going-up\/","name":"Income tax rates going up - \u05d0\u05d1\u05d5\u05dc\u05e2\u05e4\u05d9\u05d4 \u05e8\u05d5\u05d0\u05d9 \u05d7\u05e9\u05d1\u05d5\u05df","isPartOf":{"@id":"https:\/\/aboulafia.co.il\/en\/#website"},"datePublished":"2025-09-21T09:57:49+00:00","author":{"@id":"https:\/\/aboulafia.co.il\/en\/#\/schema\/person\/2054089d644528990cb12e0974ece747"},"breadcrumb":{"@id":"https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/income-tax-rates-going-up\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/income-tax-rates-going-up\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/aboulafia.co.il\/en\/binyamin-radomsky-en\/income-tax-rates-going-up\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u05d3\u05e3 \u05d4\u05d1\u05d9\u05ea","item":"https:\/\/aboulafia.co.il\/en\/"},{"@type":"ListItem","position":2,"name":"Income tax rates going up"}]},{"@type":"WebSite","@id":"https:\/\/aboulafia.co.il\/en\/#website","url":"https:\/\/aboulafia.co.il\/en\/","name":"\u05d0\u05d1\u05d5\u05dc\u05e2\u05e4\u05d9\u05d4 \u05e8\u05d5\u05d0\u05d9 \u05d7\u05e9\u05d1\u05d5\u05df","description":"Just another WordPress site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/aboulafia.co.il\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/aboulafia.co.il\/en\/#\/schema\/person\/2054089d644528990cb12e0974ece747","name":"Rachel Levin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/aboulafia.co.il\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/8645467386afae1c19e26d165518fc0e843acc6ffb76cb6b7207c4138d63a605?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8645467386afae1c19e26d165518fc0e843acc6ffb76cb6b7207c4138d63a605?s=96&d=mm&r=g","caption":"Rachel Levin"},"url":"https:\/\/aboulafia.co.il\/en\/author\/rachel\/"}]}},"_links":{"self":[{"href":"https:\/\/aboulafia.co.il\/en\/wp-json\/wp\/v2\/posts\/8365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aboulafia.co.il\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aboulafia.co.il\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aboulafia.co.il\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/aboulafia.co.il\/en\/wp-json\/wp\/v2\/comments?post=8365"}],"version-history":[{"count":1,"href":"https:\/\/aboulafia.co.il\/en\/wp-json\/wp\/v2\/posts\/8365\/revisions"}],"predecessor-version":[{"id":8367,"href":"https:\/\/aboulafia.co.il\/en\/wp-json\/wp\/v2\/posts\/8365\/revisions\/8367"}],"wp:attachment":[{"href":"https:\/\/aboulafia.co.il\/en\/wp-json\/wp\/v2\/media?parent=8365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aboulafia.co.il\/en\/wp-json\/wp\/v2\/categories?post=8365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aboulafia.co.il\/en\/wp-json\/wp\/v2\/tags?post=8365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}