
Israel's ₪5,000 Invoice Rule: What Osek Murshe Businesses Must Do Before Every B2B Sale
Since June 1, 2026, Israeli B2B tax invoices above ₪5,000 need a Tax Authority allocation number or the buyer cannot deduct input VAT.
#international-tax
Cross-border tax compliance, foreign income reporting, and US international tax obligations for individuals and corporations

Since June 1, 2026, Israeli B2B tax invoices above ₪5,000 need a Tax Authority allocation number or the buyer cannot deduct input VAT.

Rwanda's April 2026 order taxes online goods and digital services at 18% VAT — foreign sellers must register with the RRA or banks withhold it.

South Korean sole proprietors under ₩104 million in prior-year sales file VAT on the simplified track — two filings a year, and no payment under ₩48 million.

The Marshall Islands exempts the first $8,320 of annual wages from withholding tax in 2026 — top rate 12%, plus 8% MISSA and 3.5% Health Fund employer matches.

Romania's RO e-Factura deadline is now five working days, and non-resident VAT-registered sellers are explicitly in scope — with 15% penalties on both sides.

PPP pricing bands, local-currency checkout, and regional rails like Pix and UPI can lift emerging-market conversion 30 percent without discounting US plans.

UAE Small Business Relief ends for tax periods after December 31, 2026 — elect it on your final return, but skip it in a loss year to keep the carryforward.

Hungary's KATA flat tax is set to return for freelancers who invoice businesses. Expect per-client concentration caps, so track revenue per payer now.

Montenegro's 2026 VAT amendments let you reclaim output VAT on uncollectible invoices — but only with a court decision, and only if you sued first.

Zambia's 2026 Budget lifts the turnover-tax exempt floor to K30,000 a year, brings small miners under the K5 million ceiling and cuts the late penalty to 0.5%.

Colombia's one-time 2026 wealth tax hits companies with March 1 net equity of COP 10.47B+: 0.5% generally, 1.6% for finance and extractives.

Iceland requires every self-employed person to impute a minimum salary — 795,000 kr a month for a solo media freelancer, 1,199,000 kr for a solo specialist in 2026, up about 7.7% — plus 6.35% social security tax and 15.5% pension contributions on top.