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Authorities plan introduction of mandatory e-invoicing in Israel

27 March 2020
Israel

The adoption of the Chilean model was discussed a few years ago, but the plan was abandoned as it was not broadly supported at the time. Current Tax Authority Director General, Eran Yaacov, has been making efforts to reintroduce the discussions. As part of his efforts, he appointed a team to fight fictitious invoices: The Committee Responsible for the Invoices Allocation Model in the Tax Authority, led by Miri Savion. The team’s first proposal aimed at introducing the mandate only for transactions exceeding NIS 50 000. However, after months of discussion, the Committee lowered the threshold to NIS 5 000....