Draft bill in Israel would lower capital gains tax from 25% to 15%

A new bill in Israel seeks to amend the 25% capital gains tax rule on the sale of bitcoin and other digital assets.

Draft bill in Israel would lower capital gains tax from 25% to 15%

According to local reports, a new bill in Israel seeks to amend the taxation of crypto-related activities so the sale of bitcoin and other digital assets are no longer subject to their hefty 25% capital gains tax. The private member’s bill, submitted by MKs Oded Forer, Yevgeny Soba, Yulia Malinowski Kunin, and Alex Kushnir would change the capital gains tax for short-term lenders to only 15%. The purpose of the bill is the lawmakers say is to enable Bitcoin and other digital assets to be considered a currency for taxation purpose.

BitcoinExchangeGuide (Sept 25, 2020)