Israel's tax authorities are planning to introduce a mandatory e-invoicing system for invoices above NIS 5,000, which would need to obtain immediate online approval from the Tax Authority when the transaction takes place.
Taxpayers would not be able to deduct the VAT from invoices that the tax authorities have not approved. The timing is unknown.
E-invoicing methods and overview of new country rollouts
SAP add-on for e-invoicing via clearance model
KGT SAP add-ons for SAF-T, e-invoicing and MTD UK for VAT work as a standalone application within the SAP system and does not change existing customer SAP functionality or processes. It is fully configurable with custom namespace /KGT.
KGT partnered up with SAP regarding 'SAP Advanced Compliance Reporting for SAP HANA'. The 'Advanced Compliance Reporting' (ACR) service enables you to configure, generate, analyze, and electronically submit statutory reports that contain indirect taxes, such as value-added tax.
KGT provides also S/4 HANA transformation support.
