VAT compliance
VAT & Tax Authority compliance.
A technical document explaining how invoices issued via Payforget comply with the VAT Law, associated regulations, and tax authority directives.
General principles
Every invoice issued via Payforget is an original tax invoice that complies with EU VAT Directive 2006/112/EC and each Member State's national implementing rules. It includes all required fields: unique serial number, issuer details, buyer details, line items, pre-VAT amount, VAT rate and amount, and total.
Digital signing
Invoices are digitally signed under EU eIDAS Regulation 910/2014. Our API works against the Tax Authority’s Allocation Number System interface for original tax invoices, per Directive 1300 of 2024.
Archival storage
Per the Income Tax Regulations (Bookkeeping), we retain original invoices for 7 years from the end of the tax year in which they were issued. Invoices are always accessible from the dashboard and via the API.
Input VAT
Invoices issued via Payforget serve as the basis for input-VAT claims under Regulation 10 of the VAT Regulations. The system auto-categorises each expense (entertainment, vehicle, equipment, professional services, etc.) and flags whether and at what percentage it’s claimable.
Important: The Tax Authority limits input-VAT claims on some categories (entertainment — 50% only, private vehicle — 0%, etc.). We mark the limit on every invoice.
Further questions
For professional questions on the law and compliance: eliyarozental@gmail.com