In 2012, the tax rates (%) and amounts in each bracket have been revised.

The new tax rates for 2012 are as follows:

monthly gross pay               tax rate in %                        tax

up to 5,200                                              10                                     520

8,880                                                          14                                    1,035

14,430                                                        21                                   2,021

21,780                                                       30                                    4,046

41,830                                                        33                                     11,022

each additional shekel                         48                                      ——

 

Personal credit points have been updated as well to 215 shekels each (from 209 shekels in 2011).

Note: the taxes are gross (prior to credits). All amounts are in shekels. Since taxes are configured annually the following table is for a monthly salary only. In certain situations other restrictions or laws may apply. The above information is meant as general information and in any case of contradiction, the existing tax laws and regulations are the deciding factor.