Israel E-Invoicing
Plans for a continuous transaction controls system
In an effort to combat VAT fraud, Israel is undergoing a tax reform. Currently under an EU-based post-audit approach, Israeli authorities have announced their ambition to move towards the more Latin American-style of continuous transaction controls (CTCs) where invoices are approved prior to their issuance. The details of the proposed system, as well as a timeline for roll-out, have yet to be published.
Get the information you need
Israel's CTC Reforms
Israel is currently in the process of moving away from a post-audit approach to VAT. We expect to learn more about the details of the new CTC regime in the near future.
Quick Facts
- E-invoicing is currently permitted in Israel provided it’s prominently stated on the invoice that it is a ‘computerized document’
- A digital signature is required to ensure the integrity and authenticity of the invoice
- Storage of e-invoices must be within Israel unless derogation has been granted. This rule also applies to the mandatory backups
- Outsourcing of archiving also requires derogation
Need help to ensure your business stays compliant with evolving CTC reforms in Israel?
Our experts continually monitor, interpret and codify complex legal and technical changes into our software solutions, keeping you up-to-date and reducing the compliance burden on your tax and IT teams. Learn how Sovos’ VAT solutions help companies stay compliant in Israel and around the world.