Israel: monthly tax transfer to Palestinian National Authority is resumedApril 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.
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