{"id":6260,"date":"2025-11-20T15:51:34","date_gmt":"2025-11-20T14:51:34","guid":{"rendered":"https:\/\/www.assuline.com\/end-of-tax-secrecy-for-new-residents-a-major-turning-point-starting-in-2026\/"},"modified":"2025-11-20T16:20:21","modified_gmt":"2025-11-20T15:20:21","slug":"end-of-tax-secrecy-for-new-residents-a-major-turning-point-starting-in-2026","status":"publish","type":"post","link":"https:\/\/www.assuline.com\/en\/end-of-tax-secrecy-for-new-residents-a-major-turning-point-starting-in-2026\/","title":{"rendered":"END OF TAX SECRECY FOR NEW RESIDENTS: A MAJOR TURNING POINT STARTING IN 2026"},"content":{"rendered":"\n

Starting January 1, 2026, new immigrants (olim hadashim<\/em>) and returning residents will lose the exemption from reporting their foreign income.<\/p>\n\n

While the ten-year tax exemption on foreign-sourced income remains as was, fiscal transparency will now be mandatory: all income, assets, or holdings abroad must be reported to the Israeli Tax Authority<\/a>.<\/p>\n\n

This reform signifies the end of the \u201ctax secrecy\u201d established by the 2008 law, which aimed to encourage alyah<\/em> and attract foreign capital. For ten years, new Immigrants enjoyed a double exemption: both from paying taxes and from the obligation to report their foreign incomes. <\/p>\n\n

A PARADIGM SHIFT UNDER INTERNATIONAL PRESSURE<\/h2>\n\n

The decision, adopted in April 2024, comes amid increasing pressure from the OECD and the European Union, which had threatened to place Israel on the blacklist of non-cooperative jurisdictions regarding tax transparency.<\/p>\n\n

Israeli authorities therefore chose to align with international standards to avoid economic sanctions or reputational damage.<\/p>\n\n

This change also responds to domestic criticism: several institutions, including the State Comptroller\u2019s Office, warned that the scheme could serve as a haven for funds of questionable origin.<\/p>\n\n

WHAT WILL CHANGE IN PRACTICE FROM 2026<\/h2>\n\n

From January 1, 2026:<\/p>\n\n