+44 (0)1273 022400
There is a VAT registration threshold for foreign companies providing taxable goods or services in Israel. This is currently set at an annual turnover of NIS 93,003 – calculated on a calendar basis.
Foreign businesses surpassing this limit should register immediately, and appoint a local VAT agent. This party is jointly and severally liable for the tax payer’s VAT reporting and payments – similar to a Fiscal Representative in Europe.
Non-resident businesses may not apply or group VAT registrations.
VAT number applications may be applied for in paper-form only. An application must be submitted within 30 days of exceeding the registration threshold. Failure to do so will result in a fine of 1% of missing VAT plus interest.
Documents required for foreign companies include:
Businesses may deregister if they fall below the annual registration threshold.
Once VAT registered, businesses will receive a unique VAT number, to be added to all tax invoices.
Country Code | il |
---|---|
Format | 123456789 |
Characters | 9 characters |
Notes | For incorporated businesses, the first digit is a 5 |
Upon receiving a VAT number, businesses must charge, report and pay VAT levied on their taxable supplies.
+44 (0)1273 022400