June 21, 2018
In light of the huge deal, which is one of the first real estate transactions in Israel in which virtual currency proceeds are paid in such a significant amount, the Tax Authority must deal with two main legal issues:
The first – according to which stock exchange or index do you give a value to Bitcoin coins?
Second, if the payment of the Bitcoin coins will be paid only at a future date, will the value of the currencies be examined on the date of the transaction or on the date of payment?
Adv. Racheli Guz-Lavi, a partner in the firm’s tax department, answers these questions in this Globes article.
For the article, click here.