The Tax Authority, headed by Director Shay Aharonovich, reported on Monday the completion of its voluntary disclosure procedure after one year. During this period, citizens were permitted to voluntarily report previously undisclosed income and capital, pay the required taxes according to law, and avoid criminal proceedings, subject to meeting the procedure's conditions.
By the end of the procedure, 823 voluntary disclosure applications were submitted to the Tax Authority, half of them during August. Capital totaling NIS 1.89 billion was reported, with an estimated tax principal of NIS 152.6 million. According to Tax Authority data, the primary areas reported by applicants were rental income, profits from digital assets, and foreign bank accounts.
Regarding rental income, 324 applications were recorded, reporting NIS 358.2 million in capital and an estimated tax of NIS 32.3 million. For digital assets, 203 applications were submitted, reporting approximately NIS 482.5 million in capital and an estimated tax of NIS 51 million. For foreign bank accounts, 197 applications were submitted, reporting NIS 623.1 million in capital and an estimated tax of NIS 41.9 million.
Despite the request of the Tax Authority director, the procedure published in August 2025 did not allow anonymous reporting, due to opposition from the Attorney-General. Consequently, the volume of tax revenue generated from cryptocurrency was significantly lower than its potential.