Israel VAT Rate Changes from 1st January 2025
With effect from January 1, 2025, the VAT rate in Israel will be increased from 17% to 18%.
This change will primarily affect:
- Procurement requests: The updated VAT rate will be applied to all procurement transactions moving forward.
- Monthly invoices for local companies: All invoices issued to local companies will reflect the revised VAT rate.
- Future customs duties payments: Customs duties payments will also be impacted by the VAT increase, leading to adjustments in future calculations.
Clinical trial sponsors and CROs are advised to ensure that their systems are updated accordingly to accommodate this change and avoid any discrepancies.
For further information on our clinical trial supply chain solutions in Israel, why not visit our website or contact us. We’d be happy to discuss your requirements.