Income Tax 2020 Tax brackets
2020 Tax brackets in NIS
3% surcharge tax will be added to revenues in excess of 651,600
2020 Tax brackets in USD*
3% surcharge tax will be added to revenues in excess of $186,171
Credit point yearly value - USD 751
Credit point monthly value - USD 63
*The Israeli Tax Authority calculates the tax liability in NIS.
The information above, in USD, is calculated based on an estimated USD/NIS exchange rate of USD 1: NIS 3.5. Any differences between this exchange rate and the final exchange rate for 2020 will affect the tax liability in USD.