Israel releases draft proposal for taxing ICOs

The Israeli government has published a draft circular outlining potential approaches for taxing initial coin offering (ICO) profits.

Issued by the Tax Authority, the draft circular proposes imposing VAT on ICOs, differentiating them into two types: service transactions and sales transactions.

The document specifies that, according to the current legislation, goods and services offered to foreign citizens will not be taxed.

Click here to view the full article on Hogan Lovells Engage


Download PDF Share Back To Listing
Loading data