Token - Israel Income Tax Commission

Reverse

Hebrew inscription from Kings I, 5:27.

Lettering:
ויעל המלך שלמה מס מכל ישראל
מלכים א' ה' כ"ז

Translation:
And King Solomon raised a levy out of all of Israel
Kings I, 5:27

Engraver: T. Gavish.

Edge

State emblem with "STATE OF ISRAEL' in Hebrew on right and in English on the left, "SILVER 935" in Hebrew and English, and serial number.

Lettering: STATE OF ISRAEL מדינת ישראל כסף 935 SILVER

Translation: State of Israel Silver 935

Comment

Income tax was first introduced in 1941 under British mandatory rule. Income tax offices were located in Jerusalem, Haifa and Tel Aviv. The population numbered 1.5 million; the number of income taxpayers was 25,000. Today, 50 years later, the Income Tax Commission has 3,600 employees dealing with 260,000 self-employed workers, 63,000 companies and 120,000 employers, together deducting taxes from approximately 1.5 million paid employees. The Income Tax Commission is also responsible for property and purchase taxes. Over the years, an efficient network has been established, providing roughly half of the Government's income while protecting the taxpayer's rights.

Price

Date	Mintage	VG	F	VF	XF	AU	UNC
5751 (1991)	1292	-	-	-	-	-	-

Values in the table are based on evaluations by sales realized on Internet platforms. They serve as an indication only for Token - Israel Income Tax Commission 5751 (1991) item.