Israel Localization: VAT Approval for Each Invoice Above the Amount of 25000 ILS
(Doc ID 2955056.1)
Last updated on JULY 20, 2023
Applies to:
Oracle Financials for EMEA - Version 12.2 and laterInformation in this document applies to any platform.
Goal
It is a new regulations in Israel (effective from January 1st 2024) that will require to request a VAT (Value Added Tax) approval for each invoice above the amount of 25000 ILS. The request will use API technology and will need to be provided from the tax authority prior to the issue of the invoice . This approval will be a condition in order to claim the VAT for the transaction.
Are there any patches available to introduce this functionality?
Solution
To view full details, sign in with your My Oracle Support account. |
|
Don't have a My Oracle Support account? Click to get started! |
In this Document
| Goal |
| Solution |
| References |