Le’chaim: Israel to reduce alcohol taxes ahead of the New Year

Israel was slated to reduce taxes on alcohol as of midnight on Tuesday after Finance Minister Moshe Kahlon signed a decree set to reduce the rates.

Following last week’s cuts on Value Added Tax and corporate tax, the order on alcohol was set to decrease taxes imposed on beer by 46 percent and those levied on hard liquor by 21%.

According to the Israel Tax Authority, the ruling will reverse prior tax reforms implemented on beer in 2012 and on hard liquor in 2013.

Source: http://www.jpost.com/Israel-News/Lechaim-Israel-to-reduce-alcohol-taxes-ahead-of-the-New-Year-415598

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