E-Invoicing In Israel
The Israel Tax Authority (ITA)
In 2020, Israel’s tax authorities began planning to introduce a mandatory e-Invoicing system. In this proposed clearance model, documents will be approved by the tax authorities before a transaction between buyer and seller is completed. The CTC model will include a direct connection between the tax authority and businesses in real time for each transaction. The mandate has so far only been designed for B2B companies.
The planned model’s specifics have yet to be revealed.