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A warning light? A sharp drop in the state's income from taxes - voila! Of money


Regardless of the struggle surrounding the legal revolution, it is possible that a decrease in the state's income from taxes, in the month of February, is a sign of a slowdown in economic activity in the economy

Internal Revenue Service.

Decrease in income compared to February 2022. Does the figure express a decrease in economic activity?

In February 2023, the state's tax revenues totaled NIS 34.9 billion, the Ministry of Finance announced today.

How much did the state's total tax revenue decrease?

In February 2023, the state's tax revenues totaled NIS 34.9 billion.

At uniform tax rates, the state's tax revenues in February 2023, in real terms, decreased by 4% compared to February 2022. Collection from direct taxes decreased by 6% compared to last year, collection from indirect taxes remained unchanged and collection from fees decreased by 8%.

The decrease in direct tax revenues is present in all tax items and is explained by particularly high revenues in February 2022 (a real increase of 25% compared to February 2021). In the

months of January-February 2023, revenues totaled NIS 78.8 billion compared to NIS 82.6 billion in the corresponding period last year. Uniform taxes, tax revenues decreased by 8%. Direct tax revenues decreased by 12% and indirect tax revenues decreased by 2% compared to January-February 2022. Toll revenues decreased by 4%.

  • Of money

  • news


  • Internal Revenue Service

  • State revenue

Source: walla

All business articles on 2023-03-09

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