How it works
Three steps, from the trade to the Tax Authority.
Automatic tracking
Every trade is recorded with FIFO: cost, proceeds and gain.
Monthly settlement
Tax is settled once a month, never mid-trade. Losses offset automatically.
Withhold and report
Tax is withheld and paid to the Tax Authority. Form 867 is ready at year end.
Why monthly settlement wins
Full buying power
No mid-trade deductions. Your money works until the monthly settlement.
Automatic loss offset
Gains and losses net out in the settlement. Tax on the net only.
Uninterrupted trading
No deductions and no pauses while you trade.
Bringing USDC or USDT from outside? Minimum interference.
Deposit USDC or USDT from an external wallet and convert to shekel, and withholding applies only to the gain since deposit: 25% on the gain, not 30% on the whole sum. The actual rate tracks the USD/ILS rate and is currently far below 30%.
What happened before the deposit stays yours. We never saw the trading history that preceded your stablecoin deposit, so we neither withhold on it nor compute it. You report it to the Tax Authority, and for the conversion made here you get a clean statement: proceeds, Bank of Israel rate and the FIFO calculation.
A protected cost basis exists only for dollar-pegged stablecoins, USDC and USDT. Other coins are not supported as external deposits.
Updates in real time with the USD/ILS rate
Illustration at the live market rate. Actual withholding uses the Bank of Israel representative rate with FIFO. Loss offset and CPI indexation may reduce it further.