On 18 July 2024, Israel’s Tax Authority (ITA) introduced an updated version of its technical specifications for its electronic invoicing mandate. This new version details the clearance Continuous Transaction Control (CTC) model that taxpayers must adhere to claim VAT deductions on cleared invoices. The key changes include new JSON file lines, updated and new web services, and new document types requiring an Allocation Number. These changes aim to improve the efficiency and accuracy of the e-invoicing process and eliminate VAT fraud stemming from fraudulent invoices.
Source eezi
See also
- E-Invoicing/Real Time Reporting – What can you find on VATupdate.com
- Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- Collection of E-Invoicing Guides – Worldwide – VATupdate
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
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