The Israeli government is adopting the CTC (Continuous Transaction Control) model in their invoicing system to enhance tax and business operations. This model will allow tax authorities to approve e-invoices in real-time, allowing quicker transactions and payments.
The Israel Tax Authority (ITA) released specifications, including the implementation timeline. The new CTC mandate will roll out in various phases, starting May 2024 to January 2028.
Source Storecove
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