Announcing new time plan for the B2B e-invoicing mandate

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Israel

07.03.23

Announcing new time plan for the B2B e-invoicing mandate

In the 2023/24 Budget, Israel confirmed the implementation of an e-invoicing mandate. The mandate will follow a phased approach starting in 2024 according to invoice value. The Ministry of Finance has announced the following schedule:

2024 - mandatory for invoices with value above NIS 25,000 (~USD 6,896)
2025 - mandatory for invoices with value above NIS 20,000 (~USD 5,517)
2026 - mandatory for invoices with value above NIS 15,000 (~USD 4,137)
2027 - mandatory for invoices with value above NIS 10,000 (~USD 2,758)
2028 - mandatory for invoices with value above NIS 5,000 (~USD 1,379)

The e-invoicing mandate is based on a Clearance Model. Under this model, invoices must be sent to and approved by the Tax Authority in real time. A unique identifier will be assigned by the Authority upon approval. Taxpayers cannot deduct input taxes from invoices without this procedure.