Propose B2B e-invoicing in the 2023/2024 Budget
In the National Budget of Israel 2023/2024, there is mention of introducing a Continuous Transaction Control (CTC) model in the B2B e-invoicing system.
The tax authority proposes a so called "clearance model", where invoices must be validated and approved by the government platform before they can be sent to the customers. According to the proposal, the clearance requirements will be applied to all B2B invoices with above NIS 5,000 (c.a USD 1,400) value. Estimates from the Tax Authority suggest that only 15% of invoices are affected.