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Palestinian territories
Overview
Last reviewed - 23 July 2024The 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 (%) (Dividends/Interest/Royalties) |
Resident: NA / 10 / 10; Non-resident: NA / 10 / 10 |
| Capital gains tax (CGT) rates | |
|---|---|
| Headline corporate capital gains tax rate (%) |
Income tax is imposed on capital gains. |
| Headline 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 | |
|---|---|
| Headline inheritance tax rate (%) |
Inheritance is exempt from income tax. |
| Headline gift tax rate (%) |
Any taxable income from any source for any person is subject to the standard income tax rates. |
Palestinian territories contacts
Palestinian territories contacts
Palestinian territories News
