The first income tax in Palestine’s modern history has been announced by the Government. There will be a flat levy of ten per cent annually on the income of companies, payable each midyear. The rate of individuals has not yet been announced.
A special Government officer is preparing a draft schedule of tax provisions and the necessary administrative and collection machinery.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.