[2017-01-15] DCEBrief - Israel to Tax Digital Currency Sales as Property

[Chase]

Israel to Tax Digital Currency Sales as Property

In a statement released this week, the Israel Tax Authority (ITA) announced that it has decided to treat digital currencies like Bitcoin as assets rather than as foreign currencies for the purpose of taxation. That announcement has come more than three years after Israel’s government first began talking about the possibility of taxing profits from Bitcoin trading.

https://dcebrief.com/israel-to-tax-digital-currency-sales-as-property/