- Israeli Internal Revenue Service mandates use of certified representatives for approved sales invoice numbering
- Transition to controlled invoice numbering system is voluntary since January 2024
- Phased mandatory implementation from April 2024 onwards based on transaction amounts
- Launch of centralised Continuous Transaction Control (CTC) based electronic invoicing regime delayed by three months
- Aim is to combat fictitious B2B VAT invoices
- Pre-clearance model similar to Italy and Chile being considered
- One-year pilot starting in 2024 requires unique digital invoice number for real-time validation
- Tax Authority intends to extend initiative based on success
- Aligning with EU VAT in the Digital Age proposal for 2028
Source: tpa-global.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.
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