Israel: monthly tax transfer to Palestinian National Authority is resumed

April 5, 2013

On 25 March 2013, the Prime Minister of Israel issued a press release announcing the resumption of the transfer of tax revenues to the Palestinian National Authority and instruction of the Ministry of Finance.

Israel stopped the monthly transfer in December 2012, with a one-time transfer of US$107 million in February 2013.

As agreed in the 1993 Oslo Accords, Israel collects the VAT, excise tax and customs duties on Palestinian import and consumption of Israeli goods, and reimburses these taxes to the Palestinian authorities.

Reports estimate the amount of the revenue to be about US$100 million per month.


icon ©copyright IBFD. This article is part of a selection of daily news from the IBFD Tax News Service (TNS) chosen by EY professionals. All rights to the content reside with IBFD. Any use requires IBFD’s prior permission in writing. IBFD´s disclaimer applies to any and all of IBFD’s articles and publications.
EY refers to one or more of the member firms of Ernst & Young Global Limited (EYG), a UK private company limited by guarantee. EYG is the principal governance entity of the global EY organization and does not provide any service to clients. Services are provided by EYG member firms. Each of EYG and its member firms is a separate legal entity and has no liability for another such entity's acts or omissions. Certain content on this site may have been prepared by one or more EYG member firms.