An arrangement is reportable if it constitutes a “reportable position,” meaning a position that (1) contradicts a position published by the Israel Tax Authority by the end of the relevant tax year, and (2) provides a tax benefit exceeding NIS 5 million in that year or NIS 10 million over four years. A “tax benefit” includes a tax reduction or relief, deferral of a taxable event or payment, avoidance of tax or withholding, or the use of losses or expenses.