Regulatory Alerts2021-01-01
Instructions No. 11 of 2021 Regarding Payment of Invoices Through the Governmental Services Gateway
The Palestine Monetary Authority issued Instructions No. 11 of 2021 to regulate cash and card payments for government invoices through the Governmental Services Gateway. The directive sets a maximum cash payment limit of 8,000 Israeli Shekels per invoice and establishes fixed cash transaction commissions of 500 Shekels for amounts up to 500 Shekels and 1,000 Shekels for amounts between 500 and 1,000 Shekels. Additionally, it caps card payment commissions at 0.85% for cards issued by local entities and mandates all licensed payment service companies and relevant authorities to enforce these rules from issuance until March 31, 2022.
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