Breaking Update
Israel Tax Authority Raises Forecast for Oil and Gas Levy Profit
The Israel Tax Authority's forecast for oil and gas profit levy collection has risen to $57-74 billion. This is up $2 billion from the ...
Jerusalem, 30 June, 2025 (TPS-IL) — The Israel Tax Authority’s forecast for oil and gas profit levy collection has risen to $57-74 billion. This is up $2 billion from the previous forecast of $55-72 billion.
The forecast is higher than the previous forecast due to an updated forecast for an increase in the amount of gas in the three reservoirs that produce gas, as well as an updated forecast for an increase in gas prices in the coming years, said the Tax Authority.
