Tax Debts
Unpaid tax debts accrue both interest and CPI linkage from the due date. The interest rate is the 'general interest rate' (ribit klali) of approximately 4% per year. CPI linkage is calculated monthly. The combined effect can significantly increase the total amount owed. Conversely, tax refunds also earn interest and linkage from the overpayment date.
Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.