September 28, 2021

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Inside Israel’s proposed taxes for high-sugar drinks, plastics -analysis – The Jerusalem Post

Israel’s new budget for 2021-2022 includes new taxes on high-sugar drinks and dispo.......

Israel’s new budget for 2021-2022 includes new taxes on high-sugar drinks and disposable plasticware intended to reduce their consumption. If approved, the new taxes will make these products more expensive for consumers to incentivize shoppers to choose healthier and more environmentally friendly options.Last week, the cabinet approved the Finance Ministry’s proposal for the state budget, which includes NIS 35 billion in spending for 2021 and NIS 38b. for 2022. The Knesset Finance Committee is now preparing it for the Knesset plenum, where it must pass into law after three readings by November 4.

According to the plan outlined in the Economic Arrangements Law accompanying the budget, drinks with high sugar levels will be taxed NIS 1.30 per liter. Diet soft drinks and those with less added sugar, such as flavored waters, will be taxed 70 agorot per liter.

For reference, that means a 1.5-liter bottle of Coca-Cola and other soft drinks will cost about two shekels more each, NIS 1.95 to be exact. Coke Zero and other diet drinks would cost NIS 1.05 more.

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Source: https://www.jpost.com/israel-news/whats-behind-proposed-taxes-for-high-sugar-drinks-plastics-analysis-676331