Where Israelis hid money – data from the Tax Authority

The Israel Tax Authority has released the results of a year-long voluntary capital disclosure program. A total of 823 applications were submitted, covering approximately 1.89 billion shekels. Leading categories include foreign accounts (623.1 million), cryptocurrency (482.5 million), and rental income (358.2 million). Nearly half of the applications were filed in the final month. Expected tax revenue stands at 152.6 million shekels.

The Israel Tax Authority has published the results of its voluntary capital disclosure program, which ran from August 2025. Over the course of a year, 823 applications were submitted, totaling approximately 1.89 billion shekels. Nearly half of the applications were received in August, the program's final month. Expected tax revenue is 152.6 million shekels. The leading categories of concealed assets were foreign bank accounts (197 applications, 623.1 million shekels, expected tax of 41.9 million), cryptocurrency (203 applications, 482.5 million shekels, tax of 51 million), and rental income (324 applications, 358.2 million shekels, tax of 32.3 million). Other sources included inheritance, securities, commercial activity, and diamond trading. The program covered income tax, VAT, and customs duties. Similar campaigns were conducted in 2011–2012, 2014–2016, and 2017–2019, processing about 9,000 cases and adding 5 billion shekels to the treasury. The data is preliminary and subject to verification.