420 Communities Classified as ‘Priority’ areas to Receive Tax Benefits

yoshThe cabinet on Sunday 16 Adar I 5774 approved classifying 420 communities as �priority communities� for the purpose of eligibility for tax incentives. This includes border communities along the Gaza border, Israel�s northern border and 34 isolated yishuvim in Yehuda and Shomron.

The requirements for communities seeking to be included in the list include;

1) The distance from large population centers

2) Proximity to a border of a country that does not have a peace treaty with Israel (excluding the Jordan Valley communities)

3) The social-economic status of residents

Treasury officials add the extent of the incentives will be determined in the 2015 budgetary talks.

(YWN � Israel Desk, Jerusalem)

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