Since August 2025, the Israel Tax Authority has received 122 voluntary-disclosure requests, totaling about NIS 262 million in reported assets and roughly NIS 19 million in taxes due, according to the agency. Aharonovich said there is still time for substantial funds to flow into the program. Earlier rounds relied on a blanket anonymous track, but this time the process has no anonymous track, and officials describe the response as not yet robust. The director cites two main obstacles: the absence of anonymity and questions over cryptocurrency holders’ viability.
The current data do not impact the state budget, says Aharonovich. In addition, there is a cryptocurrency issue. You have to remember that the procedure was mainly aimed at the cryptocurrency issue and quite a few people contacted me claiming that they are waiting for huge amounts of money from cryptocurrency. The problem is that the Israeli banking system is not willing to accept cryptocurrency, and it is also very difficult to bring in funds as a result of selling cryptocurrency.
In addition, the Tax Authority director revealed that the Authority plans to open a bank account in the US to allow the payment of cryptocurrency profits. We are currently in such a process in the US. If the Americans are more lenient in procedures than banks in Israel, it may be possible to transfer the funds there. Aharonovich recounted, It didn’t work.
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