The Social Security Rate in Israel stands at 19.60 percent.

Social Security Rate in Israel averaged 15.02 percent from 2000 until 2019, reaching an all time high of 20 percent in 2018 and a record low of 9.70 percent in 2001. This page provides - Israel Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Social Security Rate in Israel is expected to be 19.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Israel Social Security Rate is projected to trend around 19.60 percent in 2020, according to our econometric models.

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Israel Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
19.60 20.00 20.00 9.70 2000 - 2019 percent Yearly

Israel Social Security Rate
In Israel, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Israel because they help to pay for many social programs including welfare, health care and many other benefits.

Israel Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 24.00 24.00 36.00 24.00 percent [+]
Personal Income Tax Rate 50.00 50.00 50.00 45.00 percent [+]
Sales Tax Rate 17.00 17.00 18.00 15.50 percent [+]
Social Security Rate 19.60 20.00 20.00 9.70 percent [+]
Social Security Rate For Companies 7.60 8.00 8.00 5.40 percent [+]
Social Security Rate For Employees 12.00 12.00 12.00 9.70 percent [+]