Four members of the legislature of Israel find it better if digital assets would be taxed as a fiat.
Presently, Bitcoin is taxed 25% while converted into fiat, or 15% for short-time funders.
According to officials, if the bill accepted, Israel’s 25% capital gains rate on bitcoin will no longer exist. Lawmakers think this amendment will help more digital money to find their place in the Israeli market. Thus, bitcoiners' tax duties will be simplified along with a more engaging payment mechanism.
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Israeli New Bill Considers Bitcoin as a Currency