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Nov 26, 2025
get out your wallet!
The news is reporting that Minister of Finance Betzalel Smotritch has annoucned his plans to sign an order in the coming days that would raise the personal import exemption from VAT to $150 form the current $75.
That means those orders form Amazon you make to avoid paying for shipping and taxes limiting the order to a maximum of $74.99, will soon become easier on you with the limit of free shipping with no taxes going up to $150 (and the new limit might even be set as high as $200).
I don't know what this will do to local businesses, and I am sure business owners and groups will complain about this, but consumers are definitely going to enjoy this change. Hopefully we wont spend way too much because of it, as if we already dont with the lower limit.
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Of course local merchants are threatening to go to Bagatz. And of course Bagatz won't tell them to get lost.
ReplyDeleteI imagine you're cool with that.
why am I cool with that?
DeleteI am nto cool or not cool with anything. I am happy to get a bigger free from tax purchase but I also recognize this is electyion politics and election finances and that means if he didnt follow proper procedure (maybe he did, I dont know what proper prcedure is but this government has a habit of not following proper procedure) or if other lobby groups apply political pressure this may get changed. if they didnt follow proper procedure, perhaps Bagatz will disallow it until they do. If they did follow proper procedure, I cant see Bagatz getting involved. but SMotritch might cancel it due to other pressures like lobby groups
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