Israeli taxpayer disclosures of profits from cryptocurrencies have reportedly fallen short of expectations at the Israel Tax Authority after enactment of a policy allowing immunity from criminal proceedings for filers correcting their reports.

According to a Wednesday report from Globes, Israeli authorities had expected to gain up to $1 billion in taxes from “voluntary disclosures” allowed under an August 2025 policy, but have so far only received reports of a fraction of those capital earnings.

The local news outlet reported that the tax authority had received reports of $50 million combined from crypto capital, with the potential of billions of dollars in underreported holdings.

“In the cryptocurrency field, the difficulty of the…