Electronic invoicing guide
Israel
Digital reporting requirements
Real time reporting.
Obligatory
Mandatory for B2B.
Authority
Ministry of Finances.
Platform
Israeli Tax Agency system.
Format
XML (eXtensible Markup Language) or PDF/A-3 (Portable Document Format/Archive version 3).
Storage time
7 years.
Reporting and processes
Processes
The obligation will be implemented in phases, depending on the amount of the invoice. From 5 May 2024 it is mandatory that invoices with a value of more than 25,000 ILS (€6274.62 Approx) go through the flow. Invoices must be sent to a government platform when they are generated. If approved by the system, an allocation number will be assigned to the invoice, which must be included in the invoice in order for it to be valid for VAT purpose.
Upcoming legislative changes
This is the implementation schedule for the next phases:
- 2025 ILS 20,000- €5.019,69 aprox.
- 2026 ILS 15,000- €3.764,77 aprox.
- 2027 ILS 10,000 – €2.509,85 aprox.
- 2028 ILS 5,000 – €1,254.92 aprox.
Links of Interest and documents
Links of interest
gov.il
Documents
Taxable invoices.
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