As more and more Israelis hold virtual currencies such as Bitcoin, Ethereum, and others, important tax-related questions arise: How and when should these assets be reported? What happens when their value increases and generates profit? And what about cashing out into a bank account—is that even possible?
In response to the sharp rise in inquiries from both private and corporate clients, we’ve established a dedicated and professional Crypto Department—one of the most advanced in Israel. Our team will guide you from the very first step through accurate reporting to the Israeli Tax Authority, and assist with bank-related issues and anti-money laundering compliance.
Why Now?
The world is changing, and in Israel of 2025, digital assets can no longer be ignored.
An increasing number of our clients—both existing and new—are trading or holding cryptocurrencies. At the same time, the Israeli Tax Authority, banks, and enforcement agencies are advancing and tightening their regulations.
What does this mean? Mistakes can be costly. On the other hand, there are numerous opportunities for tax savings, smart financial planning, and proper regulation of existing profits.
The challenge? Even after properly settling taxes and reporting to the Tax Authority, taxes must be paid and there’s often a desire to utilize the remaining funds. Yet Israeli banks place significant obstacles when it comes to depositing crypto-originated funds into bank accounts in fiat currencies (such as shekels, dollars, euros, etc.).
With full guidance and a professional legal-tax opinion from our firm, this process becomes feasible.
What Does Our Crypto Department Offer?
Our new Crypto Department operates as an integral part of the comprehensive services at Shtainmetz Aminoach and Co. CPA, and includes:
- Accurate tax calculations on profits from investments, trading, and holdings — including identification of the tax trigger point, partial realizations, mergers, and splits.
- Assistance with voluntary disclosure processes for previously unreported holdings or profits from past years.
- Preparation and submission of annual tax reports, including proper treatment of crypto assets in accordance with the latest guidelines from the Israeli Tax Authority.
- Full professional support for converting cryptocurrencies into fiat currencies (such as ILS, USD, EUR), including handling banking issues and rejection cases.
- Issuing professional legal-tax opinions regarding the source of funds, for presentation to banks and financial institutions.
The Crypto Department Team at Shtainmetz Aminoach and Co. CPA:
Vanessa Monowicz, CPA & Adv.
Vanessa Monovitz, CPA & Adv., serves as the Head of the Crypto Department at Shtainmetz Aminoach and Co. CPA.
Adv. Monovitz holds a B.A. in Economics and Accounting, an LL.B. in Law, and an M.A. in Law.
She is an expert in international taxation and digital asset taxation, a member of the Finance Committee of the Institute of Certified Public Accountants in Israel, and a partner at Shtainmetz Aminoach and Co. CPA. Among her areas of expertise, she brings extensive experience in the world of cryptocurrency.
Shahar Asaig, CPA
Shahar Asaig, CPA, serves as a professional manager and is an expert in auditing, tax authority reporting, and tracing the financial path of cryptocurrencies.
His thorough analysis enables our clients to convert their digital assets into fiat currency and successfully deposit the funds into their bank accounts.
Nechama Ginzburg, CPA
Nechama Ginzburg, CPA, is a professional manager responsible for tax optimization, auditing, and crypto-related matters within the department.
Ms. Daniela Partush
Ms. Daniela Partush serves as the Client Relations Manager in the Crypto Department.
We’ve already helped dozens of clients – now it’s your turn.
Private clients, entrepreneurs, active traders, NFT holders, and even Israeli and international companies are already receiving ongoing support through our dedicated Crypto Department. Join them.
Our mission is to give you peace of mind - ensuring every shekel is properly realized, reported, and successfully transferred through the banking system.
Get in touch by filling out your details for a callback, or call us directly at 077-7700000
We’re here for you!
You may also be interested in: Opening a Israeli LTD | Individual Taxation | Voluntary Disclosure
