Israel Invoices Model
Allotment Numbers
Finance Manager/CFO? Do you use NetSuite in your organization?
New Regulation Starting January 2026
From Jan 2026, businesses that receive tax invoices in an amount exceeding NIS 10,000 can clear the input VAT only if there is an allotment number to the invoice.
So if you issue invoices to customers or receive from your supplier invoices of such an amount, you are required by law to comply with the terms of this outline regulation.
So how do you deal with it?
We already have the answer for you:
iCloudius Automated Solution
Using our iCloudius' solution that supports Oracle's official NetSuite localization, the system will perform the process for you automatically and you will receive an allotment number for the relevant invoices without you having to deal with it.
It's that simple
The system will do what it needs to do to manage with this new regulation.
Compliant
Fully compliant with Israeli tax regulations
Automatic
No manual intervention required
Seamless
Integrated with NetSuite localization