by: Itamar Eichner
Immigrants arriving in Israel receive three income tax allowance points for the first year-and-a-half of their stay. They are also exempt from sales tax, VAT, and customs on goods for the home. In addition, they receive a significant discount on new vehicles.
The plan also requires a change in the state’s national health insurance law. Currently, returning expatriates are not eligible for health insurance for the first year-and-a-half of their stay and until after they have paid a sum of US $2,400. According to the new plan, the waiting period and charge will be waived.
“State support for absorption of returning residents will contribute to the strengthening of its economy,” Netanyahu said Wednesday. Avi Feldman, who lives in Los Angeles, said the plan was “certainly something that can make me think twice”.
Posted on May 14, 2010
Source: Ynetnews, May 13, 2010
Photo Credit: Photo by Nefesh B'Nefesh
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