Israel’s B2B e-invoicing implementation has been postponed to May 5, 2024, due to the ongoing war, allowing businesses more time to prepare. The system will issue an Allocation Number for VAT invoices, serving as a verification tool to combat fraudulent activity. A one-year pilot will test the requirement for obtaining an Allocation Number, and the phased rollout will be revised. The delay aims to ensure a successful and secure implementation, leading to increased tax revenue and a better economic landscape. Businesses are advised to stay updated on the revised timeline for smooth integration.
Source VATit
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