Israel: New deadline for first wave of e-invoicing mandate
Effective date is now 1 April 2024
Effective date is now 1 April 2024
Israel's tax authority on 23 October 2023 announced a delay in the initial rollout of the country's electronic invoicing (e-invoicing) mandate due to recent terrorist events and ongoing conflict. Originally set for 1 January 2024, the new effective date is now 1 April 2024.
This first phase of the mandate applies to transactions of NIS 25,000 or more. As a result of this change, taxpayers will be allowed to claim until 31 March 2024 input tax deductions using a tax invoice without an allocation number, which will be generated by the e-invoicing system.
For more information, contact a KPMG tax professional:
Kathya Capote Peimbert | kcapotepeimbert@kpmg.com
Ramon Frias | ramonfrias@kpmg.com
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