Israel Tax Agency Posts FAQs on VAT Online Invoice Reporting

The Israeli Tax Authority Aug. 2 posted FAQs on the online invoice reporting rules for VAT. The FAQs include: 1) the obligation of parties to report invoices online; 2) the manner of registration in the case of mixed inputs and inputs with different dates; 3) information on reference numbers, registration of concentration of sales, customer numbers, registration in the case of dealer unions, and the registration of an export transaction; 4) the reporting process in the case of negative values, refunds, zero payments, and repairs; 5) the procedure for financial institutions to report invoices received from their suppliers registered as ...