VAT in Israel is supposed to go down in January 2016

According to the Financial Minister, the VAT in Israel is due to go down in January 2016.  This is to help the economy, and to boost private consumption.  What does that mean for the consumer?  Well for day to day food and  basic necessities, nothing, but if you are planning a big buy, instead of buying it now, wait until January so you can save.  The current rate is 18% and the proposed VAT rate will be 17%.  On small items you won't see much change in your bills, but if you want to buy a new fridge, or a car, so wait and you will enjoy a big difference!

One part of managing your money is to manage when to buy, not only what to buy!

Rachael Alice Orbach
http://lifecoachjerusalem.weebly.com/