Israel is planning to introduce a Continuous Transaction Controls reform, likely in the form of mandatory clearance e-invoicing. The proposed CTC model is currently expected to include a direct connection between the Tax Authority and businesses in real time for each transaction. The Israeli Tax Authority is reviewing the proposal and liaising with interested stakeholders to finalize the details of the mandate. It plans to meet with Knesset Finance Committee to promote legislation for implementing the planned reform measures as soon as a new government is formed.
Israel on the road to Continuous Transaction Controls (CTCs)
Joanna Hysi
April 2, 2020
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Author
Joanna Hysi
Joanna is a Senior Regulatory Counsel at Sovos. Based in Stockholm and originally from Greece, Joanna’s background is in commercial and corporate law with research focus on EU law and financial innovation. Joanna earned her degree in Law in Greece and her masters in Commercial and Corporate from London School of Economics and Political Science (LSE) in London.
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