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    Media Center / News

    Cryptocurrencies – What should you know before exchanging?

    May 6, 2021

    Tax

    Racheli Guz-Lavi

    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.

    To read the full article in Hebrew, please click here.