Bitcoin taxation in Israel

The Tax Authority's position

Bitcoin is an asset for tax purposes, not a currency. Profit from sale is subject to capital gains tax 25% (individual) or 23% (company).

Reporting

Any profit/loss from digital currencies must be reported in the annual report. Failure to report = evasion of income.

Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.