The Israel Tax Authority (ITA) has launched a new Voluntary Disclosure Program on August 25, 2025, giving people the chance to report income and assets that were not previously declared. The program runs until August 31, 2026 and offers protection from criminal charges if taxpayers come forward honestly and pay what they owe.
Key Points You Should Know:
- Deadline: August 31, 2026
- Protection from Criminal Prosecution: Granted once all taxes, interest, and any penalties are paid.
- No Anonymous Applications: You must provide your details when applying.
- Two Options:
- Green Track: A simpler process for smaller cases (such as foreign assets up to NIS 4 million, digital asset income up to NIS 500,000, or certain rental income).
- Regular Track: For larger or more complex cases, involving deeper review and negotiation.
- How to Apply: Applications are filed online through the ITA’s website.
Why Act Now?
This program is a valuable opportunity to come clean about unreported income—whether from overseas accounts, rental properties, or cryptocurrencies—and avoid serious legal consequences. By applying now, you can resolve tax issues with peace of mind.
At CryptoTrail.io, we specialize in helping individuals and businesses navigate complex reporting requirements, especially with cryptocurrency and cross-border income. If you’re unsure how to proceed, we can guide you through the process smoothly and securely.
