Unifiedpost Group has a compliant solution in the implementation stages.
Intentions to introduce Continuous Transaction Control
- With the approval of the State Budget and Economic plan for 2023-2024, Israel officially declares intentions to introduce CTC model in the country.
- In scope will be invoices over NIS 5 000 (~ €1,300) which will require the approval of the Tax Authority in real-time through a system before the invoice is issued.
Clearance mandate roll-out based on invoice amount:
- May 2024 - Invoices exceeding 25k NIS
- January 2025 - Invoices exceeding 20k NIS
- January 2026 - Invoices exceeding 15k NIS
- January 2027 - Invoices exceeding 10k NIS
- January 2028 - Invoices exceeding 5k NIS
