Israel and introduction of mandatory invoicing via clearance model

Israel's tax authorities are planning to introduce a mandatory e-invoicing system for invoices above NIS 5,000, which would need to obtain immediate online approval from the Tax Authority when the transaction takes place. Taxpayers would not be able to deduct the VAT from invoices that the tax authorities have not approved. The timing is unknown.

Israel’s tax authorities are planning to introduce a mandatory e-invoicing system for invoices above NIS 5,000, which would need to obtain immediate online approval from the Tax Authority when the transaction takes place. Taxpayers would not be able to deduct the VAT from invoices that the tax authorities have not approved. The timing is unknown.

Contact us

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s