KCN: Israeli tax authority deems Bitcoin a taxable asset
Channel: KCN News
Date: 19/01/2017

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Bitcoin becomes the taxable asset. In an announcement last week, the Israel Tax Authority released its draft  on the proposed taxation of virtual currencies.  Bank of Israel does not see bitcoin as foreign currencies, therefore, it can’t be taxed according to existing fixed tax rates. The draft proposes policies that could ultimately prove a hindrance toward bitcoin adoption and usage among individuals and juridical entities in Israel.
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