To help businesses dealing with the economic consequences of the Corona and the third closure in particular, the director of the Tax Authority, Eran Yaakov, announced a move in income tax and VAT, in which tax refunds of NIS 511 million were released last week. Most of the amount was transferred tonight In the bank accounts in the coming days.
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As part of the move, income tax balances were transferred in the amount of NIS 250 million, which were paid to 3,000 businesses that had refunds in the review process. At the same time, VAT transferred to the bank accounts of the VAT dealers approximately 34,000 surplus input tax refunds in the total amount of approximately NIS 261 million.
In March last year, the tax authority returned about NIS 1 billion and in October about NIS 345 million.
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