Israel releases withheld tax revenues to Palestinian Authority

posted on: Mar 27, 2015

Israel will allow the transfer of hundreds of millions of shekels in tax revenues to the Palestinian Authority, the prime minister’s bureau announced on Friday.

The revenues, which Israel collects on behalf of the authority, have been withheld for the past four months following the authority’s referral of Israel to the International Criminal Court in The Hague for possible war crimes.

The bureau said in its statement that Prime Minister Benjamin Netanyahu had accepted the recommendation of Defense Minister Moshe Ya’alon, the Israel Defense Forces, and the Shin Bet security service that the revenues be transferred.

Israel will transfer tax revenues that have accumulated since February, less payments for services provided by Israeli entities, including the Israel Electricity Corporation, the water authority and hospitals.

Source: www.haaretz.com