Any position that creates a “tax benefit” as defined in the law, is reportable. Each year, the Israel Tax Authority publishes a list of "reportable positions" that meet the statutory conditions. In general, a tax benefit means a reduction of tax, a deferral of tax, or an avoidance of withholding tax.

With respect to the authority of the Director of the Israel Tax Authority under the CRS Regulations, any action or arrangement whose purpose is to avoid reporting.