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PA returns millions of shekels of incomplete tax revenues to Israel

May 3, 2019 1:01 P.M. (Updated: May 5, 2019 11:51 A.M.)
RAMALLAH (Ma'an) -- The Palestinian Authority (PA) returned the full amount of incomplete tax revenues it had received from Israel, amounting to half a billion shekels, on Thursday.

The PA returned the total amount of 660 million shekels ($183,311,700) to Israel, demanding the full repayment of the withheld money collected on behalf of PA and without any deductions.

Earlier this week, the Palestinian Cabinet affirmed President Mahmoud Abbas’ position not to receive the cut tax revenues from Israel, particularly the funds of the families of killed Palestinians and Palestinian prisoners.

In mid-February, Israel's security cabinet approved the deduction of $138 million from the tax revenues it collects on behalf of the PA under the Oslo agreement.

The deduction is deemed to be relative to the said amount that the PA allocates for stipends paid to Palestinian prisoners in Israeli custody, as well as the families of the prisoners.

It is noteworthy that Israel collects funds from imports into the West Bank and Gaza, in addition to other taxes, and forwards a large sum of it to the PA, after deduction of payments for water and electricity.

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