- Israel’s tax authority has announced a delay in the initial rollout of the country’s electronic invoicing mandate.
- The new effective date for the mandate is now 1 April 2024.
- The first phase of the mandate applies to transactions of NIS 25,000 or more.
- Taxpayers will be allowed to claim input tax deductions until 31 March 2024 using a tax invoice without an allocation number.
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Israel"
- Personal Import Tax Exemption Raised to $150; Exclusions and Legal Challenges Noted
- Thresholds for Mandatory Allocation Numbers on Tax Invoices to Be Lowered in 2026
- Israel Tax Authority Adds Two New VAT Reportable Positions for 2025 Tax Year
- Israel Raises VAT Exemption for Personal Imports to $150: Implications and Compliance Issues
- Israel Doubles VAT-Free Limit on Online Imports to $150, Sparking Retailer Backlash
