More taxes: Companies like Google will be subject to 17% VAT.
JERUSALEM: Israel is to start collecting value added tax (VAT) and income taxes from foreign companies that do substantial business over the Internet in Israel.
Under new guidelines issued by the Israel Tax Authority on Monday, foreign companies that operate websites and sell various services such as advertising and brokerage will be subject to 17% VAT as well as income tax on their activities in Israel.
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