Israel is set to implement a continuous transaction controls (CTC) model that will require businesses to submit invoice data in electronic format for the tax authority to validate.
The mandate, set to come into force in May 2024, will require invoice data to be validated by the country’s tax authority before being sent to the final recipient. Read on for an overview of Israel e-invoicing requirements – we encourage you to bookmark the page to stay updated as the mandate develops.
Table of contents
- 1. At a glance: Characteristics of invoicing data submission in Israel
- 2. Electronic invoicing laws in Israel
- 3. Benefits of using e-invoicing in Israel
- 4. Timeline of e-invoicing clearance in Israel
- 5. What is the future of e-invoicing in Israel?
- 6. What happens if I don’t comply?
- 7. Setting up e-invoicing in Israel with Sovos
- 8. FAQ
- 9. Additional resources
