- The VAT Law amendment aims to combat fake invoices by requiring allocation numbers for tax invoices over NIS 25,000.
- The implementation deadline was extended to May 5, 2024, providing taxpayers more time to prepare.
- Authorized dealers can voluntarily obtain allocation numbers, and they will be required for input tax deduction.
- The government aims to prevent fictitious invoices and black capital with the e-invoice application.
- The authority plans to assist authorized dealers in Safar settlements in registering for the system and implementing the VAT invoice law.
Source
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- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
