Only 58 filers used Israel’s voluntary disclosure program to report crypto holdings, far below expectations that billions of dollars in digital assets would be declared during the amnesty-style window.
Israel’s effort to bring undeclared crypto holdings into the tax system has drawn a weaker response than officials expected. Only 58 filers used the Israel Tax Authority’s voluntary disclosure program to report crypto holdings, despite expectations that billions of dollars in digital assets would surface during the reporting window. The program offers eligible taxpayers criminal immunity if they come forward and correct previously unreported crypto-related tax liabilities, but the limited uptake suggests the authority is still struggling to persuade holders to regularize past tax issues.