On 23 December 2025, Israeli Finance Minister Bezalel Smotrich announced plans for the introduction of an additional tax on excess bank profits. The 15% additional tax would be imposed on profits that exceed 50% of a bank's average annual profit recorded between 2018 and 2022 and is planned to apply for five years from 2026 to 2030. A draft law for the additional tax is currently under consulta…