Key Legal Requirements for Israeli Receipts
To ensure your receipt templates comply with Israeli law, focus on mandatory information and VAT regulations. All receipts must clearly display the supplier's and customer's full name and address, the supplier's VAT number, and explicitly state "Tax Invoice" and "Authorized Entrepreneur." The date of issue, a detailed description of goods or services (including quantities), the taxable amount, the VAT amount, and the total gross amount are also essential. For transactions in foreign currency, the equivalent amount in New Israeli Shekels (NIS) and the conversion rate must be included. Currently, the standard VAT rate is 17%, but it will increase to 18% starting January 1, 2025. For Business-to-Business (B2B) transactions exceeding specific thresholds (e.g., NIS 20,000 in 2025, decreasing to NIS 5,000 by June 2026), obtaining an "allocation number" from the Israeli Tax Authority (ITA) is mandatory for the buyer to deduct input VAT.