Palestinian Authority ends 8-month tax row with Israel

By October 11 2019, 16:06 Latest News No Comments

Abbas 44The Palestinian Authority (PA) has agreed to accept hundreds of millions of dollars in tax revenues collected by Israel, after months of declining them in protest over Jerusalem withholding money over payments to terrorists, Palestinian officials said last Friday.

The transfers amount to some 600 million Israeli shekels ($170 million) a month and are a key source of financing for the PA.

The PA had refused to accept the funds because Israel was withholding an amount equal to what the Palestinians pay to terrorists and their families, but the PA appears to be retreating in the face of an economic crisis.

In late August, the PA agreed to accept $556m in fuel import taxes held by Israel, alleviating some of the financial crisis.

 

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