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.