Operations — VAT, invoice clearance, payroll
Day-to-day life for an Israeli company: VAT at 18 %, mandatory ITA invoice clearance, Bituach Leumi contributions, and shekel cash-flow management.
VAT Return 18 % (PCN874)
Israeli VAT: standard rate 18%, PCN874 periodic return filed with the ITA, and how ITA-cleared invoices automate the data.
Invoice Clearance / Allocation Number
חשבונית ישראל: mandatory ITA allocation number for B2B and B2G invoices above the threshold — phased rollout from 2024, fully mandatory for large businesses.
Bookkeeping (Single / Double Entry)
Israeli bookkeeping obligations: single entry for small Osek Patur businesses, double entry for companies and Osek Murshe above the threshold, and connecting to your accountant.
Payroll + Bituach Leumi & Pension
Israeli payroll: income tax, Bituach Leumi (National Insurance) contributions, mandatory pension, and monthly Form 102 filing.
Invoicing (ILS & Multi-currency)
Issuing ITA-cleared invoices in ILS for the domestic market and in USD/EUR for global SaaS customers — FX rates, reverse-charge VAT, and allocation numbers.
Bank Reconciliation
Automatic matching of Israeli bank statements to open invoices via payment reference — closing the cash-flow loop.
