ITA’s Taxation Plan on ICO

Blockchain Technology News

The Israel Tax Authority (ITA) had drafted a circular explaining the taxation policies for domestic companies earning revenues through ICO campaigns. Yitzchak Chikorel of the Deloitte’s International Taxation Team told the Coindesk, “The goal of the blockchain industry in Israel is not to stay under the radar. The ITA has realized the magnitude and the importance of the blockchain as an evolutionary technology that could allow the creation of the next generation of multinational companies.”

Leave a Reply

Your email address will not be published. Required fields are marked *