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TAXES ON INCOME (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Pre-tax Income (Loss)

e.Pre-tax income (loss) is comprised as follows:

		Year ended December 31,
		2020				2019				2018
Domestic		$	(8,722	)		$	(8,934	)		$	(9,877	)
Foreign			1,550				1,916				1,890
		$	(7,172	)		$	(7,018	)		$	(7,987	)

Schedule of the Reconciliation of the Theoretical Tax Expenses

f.A reconciliation of the theoretical tax expenses, assuming all income is taxed at the statutory tax rate applicable to the income of the Company and the actual tax expenses is as follows:

		Year ended December 31,
		2020				2019				2018
Loss before taxes on income		$	(7,172	)		$	(7,018	)		$	(7,987	)
Theoretical tax income computed at the Israeli statutory tax rate (23% for the years 2020, 2019 and 2018, respectively)		$	(1,650	)		$	(1,614	)		$	(1,837	)
Changes in valuation allowance			1,979				951				1,189
Increase in losses and temporary differences due to change in Israeli corporate and “Approved Enterprise" tax			-				-				659
Write off of prepaid and withholding taxes			1,066				1,536				1,828
Foreign tax rates differences related to subsidiaries			35				44				50
Non-deductible expenses			72				470				147
Other expenses and Exchange rate differences			(383	)			(143	)			(82	)
Non-deductible share-based compensation expense			557				397				474
Change in expense associated with tax positions for current year			500				-				-
Actual tax expense		$	2,176			$	1,641			$	2,428

Schedule of Income Tax Expense

g.Income tax expense is comprised as follows:

		Year ended December 31,
		2020				2019				2018
Current taxes		$	513			$	341			$	580
Deferred taxes expense (benefit)			97				(236	)			20
Write off of prepaid and withholding taxes			1,066				1,536				1,828
Change in expense associated with tax positions for current year			500				-				-
		$	2,176			$	1,641			$	2,428

Schedule of Deferred Income Taxes

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company's deferred income taxes are as follows:

F - 44

ALLOT LTD.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

U.S. dollars in thousands, except share and per share data

NOTE 13:-TAXES ON INCOME (Cont.)

		December 31,
		2020				2019
Deferred tax assets:
Operating and capital loss carryforwards		$	26,731			$	22,353
Research and development			2,602				5,496
Employee benefits			1,368				1,062
Intangible assets			282				489
Other temporary differences mainly relating to reserve and allowances			1,607				2,024
Deferred tax asset before valuation allowance			32,590				31,424
Valuation allowance			(27,652	)			(25,880	)
Deferred tax asset net of valuation allowance			4,938				5,544
Deferred tax liability:
Intangible assets			3,493				3,562
Other temporary differences mainly relating to reserve and allowances			1,025				1,465
Net deferred tax asset		$	420			$	517

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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