- Accelerated Timelines for Allocation Numbers: The Knesset Financial Committee has announced new, shorter timelines for Israeli taxpayers to request allocation numbers, moving the deadlines from 2028 to specific dates in 2026 based on invoice amounts.
- New Invoice Amount Thresholds: Starting January 2026, taxpayers will need to request allocation numbers for invoices exceeding 10,000 NIS (approximately 2,450 EUR) before VAT, and by June 2026, for invoices exceeding 5,000 NIS (approximately 1,220 EUR) before VAT.
- Reduced VAT Reporting Threshold: The Finance Committee has also decided to lower the threshold for submitting detailed VAT reports to 500,000 NIS, effective by October 2025, although these measures will only take effect after approval by the Knesset Plenum.
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- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
