Palestinian territories

Social security contributions

There are no social security contributions in Palestine.

Value-added tax (VAT)

The VAT rate in Palestine is 16% on the deals that are subject to VAT.

Net wealth/worth taxes

There are no net wealth/worth taxes in Palestine.

Inheritance, estate, and gift taxes

Any taxable income from any source for any person is subject to the standard income tax rates. However, inheritance is exempt (see Exempt income in the Income determination section).

Property taxes

Property tax is levied at 17% of rental amount on buildings.

Luxury and excise taxes

There are no luxury or excise taxes in Palestine.