The electronic invoice in Israel

E-Invoicing in Israel

Voluntary creation of electronic invoices

Electronic invoicing is currently not yet mandatory, but it can be applied voluntarily.

The following requirements must be observed when an invoice is issued electronically:

The consent of the recipient is required
Electronic files must be transferred in a computer-protected manner
Obligation of a electronic signature that complies with the Israeli e-signature law
Validation of the signature by the recipient is not required
Retention for 7 years from the end of the tax year
Storage abroad possible only with an exemption

Since 2020, the Israeli government has been planning to introduce a mandate that will make electronic invoicing mandatory under certain conditions. Since tax evasion is a major issue in Israel, this mandate will serve to combat this problem. Through electronic invoicing, every transaction will be controlled and audited.

The Israeli authorities plan to adapt the Chilean model for the e-invoicing mandate. In this model, documents must be approved by the tax authorities before a transaction between buyer and seller is completed.

Elements of the mandate

Invoices larger than NIS 5,000 must be reported and approved by the tax authority

The mandate has so far only been designed for B2B companies

The date of the transaction, the invoice number, the business number of the issuer and the recipient, and the invoice amount excluding VAT must be transmitted to the tax authority

With the help of an Internet application, the recipient can check the data on the invoice to ensure the real time of the document

Issuers and recipients will be required to report the number of approved invoices because if the number of these does not match the invoice information, it will result in a rejection of the invoice

The tax authority is in contact with many tax-related institutions so that the implementation of the mandate can take place once a new government is formed.

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Muzaffer Havcarci
INPOSIA e-Invoicing-Specialist

+ 49 721 50 955 0

info@inposia.com

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Operating options for e-invoicing and WebEDI Lithuania and e-Invoicing

The electronic invoice in Israel

E-Invoicing in Israel

Voluntary creation of electronic invoices

The following requirements must be observed when an invoice is issued electronically:

The consent of the recipient is required

Electronic files must be transferred in a computer-protected manner

Obligation of a electronic signature that complies with the Israeli e-signature law

Validation of the signature by the recipient is not required

Retention for 7 years from the end of the tax year

Storage abroad possible only with an exemption

Elements of the mandate

Invoices larger than NIS 5,000 must be reported and approved by the tax authority

The mandate has so far only been designed for B2B companies

The date of the transaction, the invoice number, the business number of the issuer and the recipient, and the invoice amount excluding VAT must be transmitted to the tax authority

With the help of an Internet application, the recipient can check the data on the invoice to ensure the real time of the document

Issuers and recipients will be required to report the number of approved invoices because if the number of these does not match the invoice information, it will result in a rejection of the invoice

The tax authority is in contact with many tax-related institutions so that the implementation of the mandate can take place once a new government is formed.

This might also interest you:

You would like to digitize? Contact us now!

About INPOSIA

Useful Links

Contact