Israeli B2B E-Invoicing Update
Type: Legislation The Israeli Internal Revenue Service mandates the use of certified representatives for approved sales invoice numbering under the new e-invoicing regime starting 1 April 2024. Transition to the […]
To combat fake invoice fraud, the Ministry of Finance of Israel introduces pre-clearance B2B e-invoices between 2024 and 2028.
Type: Legislation The Israeli Ministry of Finance is developing an electronic invoicing system based on Continuous Transaction Control (CTC). The intention is to address the significant “fictions invoice” fraud issue, […]
2023/24 Budget to include VAT collections obligations for non-resident service providers
Type: Legislation A plan to extend Israeli VAT collection responsibilities to international providers and digital platforms for digital or electronic services is part of the budget the Israeli government is […]
Israel introduces pre-clearance B2B e-invoices to tackle fictitious invoice fraud
Type: Draft Legislation Before the 2023–2024 budget process, the Israeli Ministry of Finance announced its economic strategy for the benefit of the general public. It also provides a suggested electronic […]
Real-time controls by tax authorities via e-invoicing
Israel is one of the countries that is trying to fight VAT fraud by implementing technical solutions to identify and follow business transactions. The Israeli government announced that they will […]
