Estimated Tax Benefits for 1999

(In Millions of NIS, in 1999 budget prices)


 Total
Part 1: Income Tax Division		 18,060
15,200

A. Attributes for Factors of Production 1,130


1.Encouragement of Capital Investments Law
   -General
   -Foreign investors
   -Alternative track
950
250
200
500

2.Research & development, oil exploration, films
30

3.Credit for shift workers
150
B. Capital market benefits 9,030


1. Provident funds, net
  -Benefits at point of deposit
  - less: Taxation at point of withdrawal
3,430
3,800
-370

2. Advanced - training funds
900

3. Interest income on indexed assets
2,600

4. Interest income on unindexed assets
1,000

5. Capital gain from stock exchange
1,100
C. Welfare and population dispersal 2,690


1. Income tax exemption for non-profit organization
..

2. Exemption for Ministry of Defense allowances
210

3. Exemption for National Insurance allowances
  -Child allowances
  -Old age and survivors' benefits
  -Other benefits
1,670
1,200
370
100

4. Credit for new immigrants
90

5. Credit on account of medical expenses
10

6. Special welfare credit
40

7. Charitable donations
100

8. Blind and Disabled
100

9. Credit for residents of development areas
420

10. Credit for employers in Eilat
50
D. Family tax benefits
(except for exemption on child allowances)		 1,430


1. Credit for single-parent families
30

2. Half credit point for women
300

3. Credit for children (including one-parent families)
600

4. Credit for non-working spouse
500
E. Various income tax benefits 310


1. Exemption on betting income
100

2. Exemption on rental of residential apartments
200

3. Exemption for redemption of share in cooperative association
10
F. Property tax benefits
610

1. Rebates in property tax
60

2. Exemption from betterment tax for residential apartment
0

3. Reduced betterment tax for historic properties
330

4. Property tax benefits
220

Part 2: The Customs and Value Added Tax Division 2,760

A. Customs and purchase tax 850


1. New immigrants
270

2. Returning residents
60

3. Israeli tourists
50

4. Parts for vehicles (air cushions and ABS)
200

5. Conditional exemptions
300
B. V.A.T. 1,910


1. Fruit and vegetables
1,240

2. Tourist services
550

3. The Eilat Law
120

Part 3 - Fees 100

 

Draft Budget of the Government Enterprises for Fiscal 1999

(Thousands of New shekels)

Summary of the Second Appendix Income
Expenditure		 Spending Authorization Personnel Ceiling

Total Income
==========		 9,709,943
======

89 Enterprises of the Prime Minister's Office and the Ministry of Finance 169,113

94 Government hospitals 4,101,169

95 Jaffa Port and Hadera Port 31,406

96 Ministry of Communications 184,904

98 Israel Lands Administration 5,223,351


Total Expenditure
==============		 9,709,943
======		 390,260
=====		 16,514.0
=====
89 Enterprises of the Prime Minister's Office and the Ministry of Finance 169,113
114.0
94 Government hospitals 4,101,169
15,906.5
95 Jaffa Port and Hadera Port 31,406
4.0
96 Ministry of Communications 184,904
4.0
98 Israel Lands Administration 5,223,351 390,260 485.5


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