TaxWorldWeb – International Tax News

Most Recent

As cryptocurrencies are regarded by the Israeli Tax Authority as financial assets and not a currency, Israel-based businesses that make use of digital coins in their daily operations will need to pay value-added tax (VAT) on their crypto-related activities, just as they would for any other product or service, according to a memo published by the authority Monday. The new regulations are effective immediately for the fiscal year 2018.




Categories