Israel to levy tax on bitcoin as property

Israel to levy tax on bitcoin as property

Israel to levy tax on bitcoin as property

The Israel government confirmed that a kind of property tax is to be levied on bitcoins and other cryptocurrencies.  The first detailed draft was issued in January.  The circular explains that the tax rate would be 20-25%.  Potential ways to tax ICO is been carried out by setting a minimum token sale revenue threshold. The government started taxation from 2013.

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