The Israel Innovation Authority has released a report showcasing the significant impact of Israel’s high-tech sector on the national economy. Renowned for its technological advancements, this sector has become a cornerstone of both innovation and financial stability.
The report reveals that by 2020, high-tech companies and their employees were responsible for nearly a quarter of Israel’s tax payments. This contribution surged by 2021, with high-tech workers generating 36% of all income tax payments.
Over the past six years, high-tech employees have contributed nearly 100 billion shekels in income taxes. As Israel navigates ongoing economic challenges, the high-tech sector remains a critical driver of government revenue, emphasizing the need for policies that nurture and safeguard its growth.