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
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Latest Posts in "Israel"
- Jerusalem Court Reclassifies Bank of Jerusalem’s Insurance Agency as Financial Institution for VAT
- Israel Investigates Major Tax Fraud in Alibaba, AliExpress Imports by Tim International Transport
- Israel Accelerates CTC Invoice Allocation Number Timeline to Combat Fraudulent Invoices by 2026
- Israel Invoicing Model to Combat Fictitious VAT Claims, Thresholds for allocation numbers are NIS 20,000 in 2025, NIS 10,000 from 1 January 2026, and NIS 5,000 from 1 June 2026
- E-Invoicing in the Middle East: The Digital Tax Transformation Businesses Can’t Ignore
