Pay taxes in Israel — and be calm. The Israeli authorities assessed taxation of cryptocurrencies. The Israel Tax Authority outlined the official position: individual investors will have to pay a 25% capital gains tax. Enterprises and exchanges trading in cryptocurrencies will be subject to a 17% value-added tax. Thus, crypto-facilities like bitcoin will be taxed as a sales unit. If the cryptocurrency is used for investment purposes, then it is exempted from paying taxes. The income of individuals can be regarded as income from the entrepreneurial activity. However, only if «the sale of tokens reaches the level of business.»

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