Jerusalem, 24 June, 2025 (TPS-IL) — Israel’s Finance Minister Bezalel Smotrich, in coordination with the Chairman of the Knesset Finance Committee, Rabbi Moshe Gafni, the Chairman of the Histadrut (Israel’s national labor federation), Arnon Bar David, and others, announced on Monday that in light of the indirect damage caused as a result of the war with Iran he intends to activate the compensation plan for businesses and the relief for employees placed on unpaid leave in all regions across the country.
The outline that will be implemented for businesses is a right-based expense track, which was also implemented at the beginning of the Iron Swords War in Gaza. According to the outline, the Property Tax Compensation Fund will compensate businesses throughout the country whose operating turnover is 12,000 Shekels ($3,500) to 400 million Shekels ($115 million) and there is a decrease in turnover of over 25% for a monthly report or 12.5% for a bimonthly report in May/or June 2025.
Businesses whose business turnover is 12,000 Shekels ($3,500) – 300,000 Shekels ($87 million) per year: These businesses will be eligible for a fixed business continuity grant depending on the level of damage to the business.
Businesses whose business turnover is 300,000 Shekels ($87,000) – 400 million Shekels ($115 million) per year: These businesses will be eligible for a business continuity grant consisting of a refund of inputs (expense reimbursement) of between 7-22 percent depending on the extent of the damage to business turnover, as well as a refund of 75% of salary expenses in proportion to the extent of the damage.