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Tag: Israel

bitcoin

Israel Will Tax Bitcoin as an Asset

Israel Tax Authority (ITA) confirmed that will tax cryptocurrencies like bitcoin The ITA updated a previous circular, where stated that cryptocurrencies like bitcoin are “assets”, thus are subject to capital gain tax. The first issue of ITA regarding cryptocurrencies was in January 2017. It was due to to repeated requests to know what’s the government…
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Internet

Israel: Internet companies would be bound by Israeli jurisdiction

According to Attorney General opinion, foreign companies will be compelled to litigate in Israel courts In what could be a very leading case, Israel’s AG stated that foreign companies should respond to Israeli courts, despite what’s their terms & conditions state. This legal opinion came in relation with a class action against Internet giant Facebook.…
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