31.01.2012                      07.Schwat. 5772

Zölle:

Israel's treasury approves higher tax breaks on cheap personal imports

Finance Minister signs order raising the limit on personal imports free of import taxes to $75 – up from $50, and an order abolishing customs duty on packages worth between $75 and $325.

The Finance Ministry on Monday ushered in a new era of competition to Israeli retailers. Private citizens will be able to buy low-cost products from abroad tax-free over the Internet.
One stipulation is that the products are for the importer's personal use, with the exception of tobacco and alcoholic beverages….