Palestinian territories

Overview

Last reviewed - 22 December 2020

The Palestinian territories are located in the Middle East. Palestine has a presidential form of government, and its official language is Arabic. Palestine has no currency, and it mainly uses three currencies: Israeli shekels (ILS), United States dollars (USD), and Jordanian dinars (JOD).

PwC has an office in the Palestinian territories in three jurisdictions (West Bank, Jerusalem, and Gaza) and provides assurance, tax, and consulting services.

Quick rates and dates

Corporate income tax (CIT) rates
Headline CIT rate (%)

15 (20% for telecommunication companies and other companies that operate under a franchise or a monopoly in the Palestinian market)

Corporate income tax (CIT) due dates
CIT return due date

30 April of the next year.

CIT final payment due date

30 April of the next year.

CIT estimated payment due dates

End of each quarter (equal instalments).

Personal income tax (PIT) rates
Headline PIT rate (%)

15

Personal income tax (PIT) due dates
PIT return due date

30 April of the next year.

PIT final payment due date

30 April of the next year.

PIT estimated payment due dates

End of each quarter (equal instalments).

Value-added tax (VAT) rates
Standard VAT rate (%)

16

Withholding tax (WHT) rates
WHT rates (%) (Div/Int/Roy)

Resident: NA / 10 / 10;

Non-resident: NA / 10 / 10

Capital gains tax (CGT) rates
Corporate capital gains tax rate (%)

Income tax is imposed on capital gains.

Individual capital gains tax rate (%)

Income tax is imposed on capital gains.

Net wealth/worth tax rates
Headline net wealth/worth tax rate (%)

NA

Inheritance and gift tax rates
Inheritance tax rate (%)

Inheritance is exempt from income tax.

Gift tax rate (%)

Any taxable income from any source for any person is subject to the standard income tax rates.

NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.