Israel’s tax office received far fewer voluntary crypto disclosures than expected, missing a $1 billion tax revenue target.
Israel’s tax authority reported just $50 million in crypto-related capital earnings from voluntary disclosures, falling short of its $1 billion projection. The program, launched in August 2025, offered immunity from criminal proceedings for taxpayers correcting underreported holdings.
Authorities had anticipated billions in unpaid taxes from crypto assets but received filings from only 58 individuals. The low participation was attributed to a lack of anonymity and perceived low risk of enforcement, discouraging broader compliance.
The disclosure policy aimed to recover undeclared crypto profits but has so far yielded minimal results compared to initial estimates.