{"id":594,"date":"2024-05-06T20:32:01","date_gmt":"2024-05-06T20:32:01","guid":{"rendered":"https:\/\/businesss.pro\/?p=594"},"modified":"2024-05-06T20:32:03","modified_gmt":"2024-05-06T20:32:03","slug":"are-you-ready-for-israel-e-invoices","status":"publish","type":"post","link":"https:\/\/businesss.pro\/are-you-ready-for-israel-e-invoices\/","title":{"rendered":"Are you ready for Israel E-Invoices?"},"content":{"rendered":"\n
Israel moved onto a mandatory system of e-invoicing, known as \u201cIsraeli Invoices\u201d, on May 5, 2024. The date was pushed back 4 months due to the war.<\/p>\n\n\n\n
In a nutshell, if a business wants to issue a Tax Invoice for NIS 25,000 or more, it will need an Allocated Number (Mispar Haktsaah in Hebrew) from the Israeli Tax Authority (ITA). Otherwise, the purchaser will be unable to recover input VAT in the usual way if the purchaser is in business. The aim is to stop purchasers claiming VAT, even unwittingly, on fictitious invoices.<\/p>\n\n\n\n
Who needs an Allocated Number:<\/strong><\/p>\n\n\n\n
A business needs an Allocated Number, unless an exception applies (see below), to issue an invoice over NIS 25,000 (before VAT) in April-December 2024. The threshold decreases annually to NIS 20,000 in 2025, NIS 15,000 in 2026, NIS 10,000 in 2027, NIS 5,000 in 2028 onwards.<\/p>\n\n\n\n
Who can be trusted?<\/strong><\/p>\n\n\n\n
A freelancer is authorized to register. As for companies, a hierarchy approach applies.<\/p>\n\n\n\n