- Israel is tightening real-time invoicing controls to combat tax fraud under the Economic Efficiency Law 2023.
- Since January 2024, invoices above NIS 25,000 require an allocation number from the Israeli Tax Authority.
- The threshold drops to NIS 20,000 in 2025, NIS 10,000 from January 2026, and NIS 5,000 from June 2026.
- Businesses must update invoicing systems to comply with these progressively lower thresholds.
Source: fintua.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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