- E-invoicing for B2B transactions over 25,000 shekels will be mandatory in Israel starting May 2024, with a phased implementation plan leading to 100% electronic invoicing by January 2028.
- Compliant e-invoices in Israel must be in the approved formats of XML or PDF/A-3 and include specific information such as a unique invoice number, transaction date, description of goods/services, quantities, unit prices, total amount payable, and VAT details.
- E-invoicing in Israel offers benefits such as cost savings, improved efficiency, reduced errors, data entry automation, and enhanced tax compliance through real-time reporting and validation.
Source Storecove
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
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
