חוק להגדלת שיעור ההשתתפות בכוח העבודה ולצמצום פערים חברתיים (מס הכנסה שלילי) (תיקון מס' 8), התשע"ו-2016Law to Increase the Rate of Labor Force Participation and Reduce Social Gaps (Negative Income Tax) (Amendment No. 8), 2016 · automatic translation · suggest a correction

Official summary of the law (Knesset)

The Law to Increase Labor Force Participation and Reduce Social Gaps (Negative Income Tax) (Amendment No. 8), 2016 (hereinafter - the Amendment), was passed in its second and third readings on 14 March 2016. The Amendment established a series of relaxations regarding the work grant (negative income tax), including, among others, equalizing the treatment of salaried employees and self-employed persons regarding payment of the grant, increasing the income range entitling a single parent to the grant and in the case of an employee for whom an adjusted (reduced) minimum wage has been set, meaning a person with a disability. In addition, the existing requirement for self-employed persons that online submission of the annual report under the Income Tax Ordinance be a condition for receiving the grant was abolished. Similarly, provisions were established to prevent the seizure of grant funds once transferred to the bank account of an eligible person who owes various creditors, until 90 days have passed. In addition, the time periods for filing a claim for the grant were extended and the payment dates were moved earlier.

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Sponsors

Moshe Gafni, Uri Maklev, Elie Elalouf, Rachel Azaria, Mickey Levy