Digitalization

The Ministry of Finance is establishing a dedicated product division within its Technology Department for the first time. Vlad Bernin, a senior executive with extensive experience in the high-tech and fintech sectors, has been appointed as the ministry's first Chief Product Officer (CPO).

The Israel Tax Authority is promoting a new plan, "Israel Invoice 2.0 - VAT Online," aimed at shifting VAT reporting and payment to a real-time digital infrastructure. The reform seeks to reduce tax fraud and streamline business operations.