Israel Tax officials draft crypto legislation

Taxation Rules in Israel

The Israeli Tax officials had come up with a circular containing new regulations for cryptocurrencies. It elucidated cryptocurrency as an asset and listed the taxation obligations to be met by companies. Cryptos as assets will attract capital gain tax. A spokesperson said that the draft will be open for the public to comment on the same for 14 days.

Leave a Reply

Your email address will not be published.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