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TAXES ON INCOME (Tables) | 12 Months Ended
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Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule of Reconciliation of Tax Provisions to the Domestic and Effective Tax Rate | A reconciliation of the theoretical tax expense assuming all income is taxed at the statutory rate to taxes on income (tax benefit) as reported in the statements of income:
|  | Year ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Income (loss) before taxes on income (tax benefit) from continued operationas reported in the statements of income |  | $ | (4,816 | ) |  | $ | 2,182 |  |  | $ | (5,252 | )
Statutory tax rate in Israel |  |  | 23 | % |  |  | 23 | % |  |  | 23 | %
Theoretical taxes on income (tax benefit) |  | $ | (1,108 | ) |  | $ | 501 |  |  | $ | (1,207 | )
Increase (decrease) in taxes on income resulting from: |  |  |  |  |  |  |  |  |  |  |  |
Tax adjustment for foreign subsidiaries subject to a different tax rate |  |  | 50 |  |  |  | (26 | ) |  |  | (9 | )
Reduced tax rate on income derived from "Preferred Enterprises" plans |  |  | 580 |  |  |  | 204 |  |  |  | 346 |
Earnings from foreign subsidiaries (1) |  |  | (2,338 | ) |  |  | 91 |  |  |  | (338 | )
Valuation allowance for exchange rates differences on deferred taxes not recorded on capital losses |  |  | - |  |  |  | (125 | ) |  |  | (42 | )
Deferred tax assets from discontinued operation loss |  |  | (138 | ) |  |  | (49 | ) |  |  | (36 | )
Reduced deferred tax asset from expecting utilization of carryforward losses |  |  | 1,984 |  |  |  | - |  |  |  | - |
Tax in respect of prior years |  |  | (345 | ) |  |  | - |  |  |  | (481 | )
Temporary differences for which no deferred taxes were recorded |  |  | (377 | ) |  |  | (55 | ) |  |  | 8 |
Permanent differences |  |  | 24 |  |  |  | 55 |  |  |  | 245 |
Other adjustments |  |  | 151 |  |  |  | (7 | ) |  |  | 50 |
Taxes on income (tax benefit) as reported in the statements of income |  | $ | (1,517 | ) |  | $ | 589 |  |  | $ | (1,464 | )
(1) The Company record an accrual that related to a deferred tax liability due to the possibility of future distribution of earnings from foreign subsidiaries of the Company.
Schedule of Income (Loss) from Continuing Operations Before Income Tax Domestic and Foreign |
Income (loss) before taxes on income (tax benefit) is comprised as follows:
|  | Year ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Domestic (Israel) |  | $ | (4,499 | ) |  | $ | (1,931 | ) |  | $ | (4,781 | )
Foreign (United States) |  |  | (317 | ) |  |  | 4,113 |  |  |  | (471 | )
|  | $ | (4,816 | ) |  | $ | 2,182 |  |  | $ | (5,252 | )
Schedule of Components of Income Tax Provision |
Taxes on income (tax benefit) included in the statements of income:
|  | Year ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Current: |  |  |  |  |  |  |  |  |
Domestic (Israel) |  | $ | - |  |  | $ | - |  |  | $ | - |
Foreign (United States) |  |  | - |  |  |  | 181 |  |  |  | (881 | )
|  |  | - |  |  |  | 181 |  |  |  | (881 | )
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Domestic (Israel) |  |  | (683 | ) |  |  | (397 | ) |  |  | (813 | )
Foreign (United States) |  |  | (489 | ) |  |  | 805 |  |  |  | 711 |
|  |  | (1,172 | ) |  |  | 408 |  |  |  | (102 | )
Previous years: |  |  |  |  |  |  |  |  |  |  |  |
Domestic (Israel) |  |  | (134 | ) |  |  |  |  |  |  |  |
Foreign (United States) |  |  | (211 | ) |  |  | - |  |  |  | (481 | )
|  |  | (345 | ) |  |  | - |  |  |  | (481 | )
|  | $ | (1,517 | ) |  | $ | 589 |  |  | $ | (1,464 | )
Schedule of Deferred Tax Assets and Liabilities | 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 TAT's deferred tax liabilities and assets are as follows:
|  | December 31, |
|  | 2020 |  |  | 2019 |
Deferred tax assets: |  |  |  |  |  |
Provision for current expected credit losses |  | $ | 41 |  |  | $ | 67 |
Provisions for employee benefits |  |  | 272 |  |  |  | 470 |
Inventory |  |  | 987 |  |  |  | 964 |
Intangible assets |  |  | - |  |  |  | 42 |
Capital tax losses carryforward |  |  | 3,500 |  |  |  | 3,500 |
Net operating losses carryforward |  |  | 3,017 |  |  |  | 1,669 |
Other |  |  | 224 |  |  |  | 96 |
Deferred tax assets, before valuation allowance |  | $ | 8,041 |  |  | $ | 6,808 |
Valuation allowance |  |  | (5,484 | ) |  |  | (3,500 | )
Deferred tax assets, net |  | $ | 2,557 |  |  | $ | 3,308 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Property, plant and equipment |  |  | (1,647 | ) |  |  | (2,159 | )
Intangible assets |  |  | (318 | ) |  |  | - |
Earnings from foreign subsidiaries (1) |  |  | - |  |  |  | (1,953 | )
Other temporary differences deferred tax liabilities |  |  | (26 | ) |  |  | (68 | )
Deferred tax liabilities |  | $ | (1,991 | ) |  | $ | (4,180 | )
Net |  | $ | 566 |  |  | $ | (872 | )
| (1) | The Company record an accrual that related to a deferred tax liability due to the possibility of future distribution of earnings from foreign subsidiaries of the Company.
Schedule of changes in valuation allowance for deferred tax assets | The following table summarizes the changes in the valuation allowance for deferred tax assets:
Balance, December 31, 2017 |  |  | 3,417 |
Additions during the year |  |  | (42 | )
Balance, December 31,2018 |  | $ | 3,375 |
Deductions during the year |  |  | 125 |
Balance, December 31,2019 |  | $ | 3,500 |
Additions during the year |  |  | 1,984 |
Balance, December 31,2020 |  | $ | 5,484 |

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