May 6, 2021
Exchanging cryptocurrencies constitutes a tax event according to the position of the Tax Authority, since they are considered an asset, and upon exchanging or exercising them, capital gains tax is payable so long as the activity does not amount to a business. Adv. (CPA) Racheli Guz-Lavi, brings you tips, concerning, among others, the manner of taxation arising from the exchange of cryptocurrencies, how to offset losses against gains and, the mandated reporting and tax liability applicable to Israeli residents.
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