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Israel advances timeline for allocation number requirements

17 April 2025
Israel

On March 17, 2025, The Knesset announced the new timelines associated with allocation numbers and the requirements for taxpayers to retrieve them. The previous timeline expanded into 2028, but the new timelines, which have been shortened, and invoice amounts are as follows:  January 2026 - Invoice amount higher than 10,000 NIS (ca. 2,450 EUR) before VAT;  June 2026 - Invoice amount higher than 5,000 NIS (ca. 1,220 EUR) before VAT.    The announcement further details the Finance Committee’s decisions to reduce the threshold for submitting detailed VAT reports to 500,000 NIS by October 2025.     These measures will take effect only after...