Popular Search Terms
E-invoicing model:

Post-Audit

Mandatory file format:

N/A

B2G requirements:

N/A

Archiving requirements:

7 years

E-signature:

Mandatory

Summary

Navigating the global tax compliance landscape successfully is complex and resource-intensive. Every country has a specific and constantly evolving set of legislated e-invoicing requirements.

Non-compliance, intentional or not, can result in significant financial penalties, business disruption, and reputational damage.

Updates

03.14.23

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  • Mandate information
Propose B2B e-invoicing in the 2023/2024 Budget In the National Budget of Israel 2023/2024, there is mention of introducing a Continuous Transaction Control (CTC) model in the B2B e-invoicing system.    The tax authority proposes a so called "clearance model", where invoices must be validated and approved by the government platform before they can be sent to the customers. According to the proposal, the clearance requirements will be applied to all B2B invoices with above NIS 5,000 (c.a USD 1,400) value. Estimates from the Tax Authority suggest that only 15% of invoices are affected.   

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