In Israel there is a widespread phenomenon of the usage of fictitious invoices. Issuing invoices in this illegal manner is used to evade payment of tax which is legally due and often to launder the economic activities of criminal organizations. In order to fight crime and allow fair competition between businesses that pay legally due taxes, it is proposed that invoices over NIS 5,000 issued between dealers will require the approval of the Tax Authority in real time through a system before the invoice is issued. The measure will help the enforcement agencies to focus the enforcement on the suspicious companies, and even shorten bureaucratic processes to normative businesses through the establishment of a platform for direct communication with the Tax Authority.
Source gov.il
Latest Posts in "Israel"
- Israel Investigates Major Tax Fraud in Alibaba, AliExpress Imports by Tim International Transport
- Israel Accelerates CTC Invoice Allocation Number Timeline to Combat Fraudulent Invoices by 2026
- Israel Invoicing Model to Combat Fictitious VAT Claims, Thresholds for allocation numbers are NIS 20,000 in 2025, NIS 10,000 from 1 January 2026, and NIS 5,000 from 1 June 2026
- E-Invoicing in the Middle East: The Digital Tax Transformation Businesses Can’t Ignore
- Electronic Invoicing in Israel: CTC clearance model
