We use cookies to provide you with the best possible experience. By using Orbitax's services, you agree that we may store cookies on your device. Cookie Policy.
The AI assistant for tax questions
Track worldwide tax law changes daily
Cross-border tax analysis and data
Unify and empower your entity management
Provides compliance steps, forms & rates
Visualize and manage your entity data
Comprehensive compliance management
Audit and global tax controversy tracking
Manage reportable cross-border arrangements
Country-by-country reporting & compliance
Pillar 2 planning, reporting and compliance
Calculate US tax impact of foreign operations
Automated workflows for recurring tax tasks
Secure API connections to 3rd-party systems
Secure storage for your tax documentation
Automated tax workflows with secure APIs.
Collaborate securely on your tax data
Share This Article
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...