Client updates / Sales Law

New Amendment to the Sales Law – A Developer May Not Deposit a Value Added Tax (VAT) Guarantee

10 April 2017 / Barnea

The Knesset passed a new amendment (Amendment 9) to the Sales Law (Apartments), whereby developers who build apartments for sale are permitted not to deposit sureties for the VAT component of the transaction, thus decreasing the sum deposited by them.

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Client updates / Sales Law