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Israeli Lawmakers Seek to Exclude Foreigners from Crypto Capital Gains Tax
Legislators in Israel conducted preliminary reading for a new bill that proposes the exemption of foreigners from capital gains taxes or profit made from their cryptocurrency activities. The bill, which seeks the amendment of Israel’s Income Tax Ordinance, also prescribes cutting the 50% tax on employees’ crypto options by half. The goal in this regard is to extend the tax benefit enjoyed by workers in the traditional high-tech industry to the digital asset industry.Israeli Eyes Change to Crypto...
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Posted: Jul 5 2023, 21:25
Author Name: financemagnates
Views: 112589