Tax / Taxation of Cryptocurrencies
Our Tax Department has extensive experience advising on issues arising from economic and commercial activity involving cryptocurrencies, such as Bitcoin and Ethereum, as well as non-fungible tokens (NFTs).
We also have substantial expertise in the tax treatment of a wide range of digital asset issuance models, including initial coin offerings (ICO), initial DEX offerings (IDO), and initial exchange offerings (IEO).
We provide professional guidance based on broad and up-to-date familiarity with the evolving legislative and judicial landscape, as well as with trends in crypto taxation in Israel and worldwide, including the positions of the various relevant regulatory authorities.
Reflecting our experience in the crypto sector, Dun’s 100 has ranked our firm for the third consecutive year among the leading Israeli law firms in the blockchain and digital currencies practice area.
Companies
We advise digital asset issuers at every stage of the various issuance models, including ICOs, IDOs, and IEOs. Our services include structuring tax-efficient frameworks and providing ongoing advice on tax and related matters. We also guide clients through the process of obtaining tax rulings in connection with ICOs and advise on the various tax aspects of crypto-based business activity. In addition, we represent clients before the tax authorities on matters relating to income tax, VAT, and incentive regimes, including preferred enterprises and preferred technological enterprises.
Private Clients
We advise private clients engaged in crypto investment and trading on cryptocurrency taxation and the full range of tax issues associated with such activity. We also assist with tax planning, reporting, and payment obligations relating to crypto income, including retroactive reporting for long-term investors, mitigation of fines, capital gains calculations, loss offsetting, and related matters. In addition, we represent clients before the tax authorities in connection with these and other issues relating to cryptocurrency income.
Insights & News - Tax / Taxation of Cryptocurrencies:
Adv. Harel Perlmutter on Walla News: The Upcoming Voluntary Disclosure Procedure for Digital Assets
US Stablecoin Market Hits Milestone: Regulation and IPO
New Memorandum of Law Regulating the Crypto Sector in Israel
Tax / Taxation of Cryptocurrencies
Our Tax Department has extensive experience advising on issues arising from economic and commercial activity involving cryptocurrencies, such as Bitcoin and Ethereum, as well as non-fungible tokens (NFTs).
We also have substantial expertise in the tax treatment of a wide range of digital asset issuance models, including initial coin offerings (ICO), initial DEX offerings (IDO), and initial exchange offerings (IEO).
We provide professional guidance based on broad and up-to-date familiarity with the evolving legislative and judicial landscape, as well as with trends in crypto taxation in Israel and worldwide, including the positions of the various relevant regulatory authorities.
Reflecting our experience in the crypto sector, Dun’s 100 has ranked our firm for the third consecutive year among the leading Israeli law firms in the blockchain and digital currencies practice area.
Companies
We advise digital asset issuers at every stage of the various issuance models, including ICOs, IDOs, and IEOs. Our services include structuring tax-efficient frameworks and providing ongoing advice on tax and related matters. We also guide clients through the process of obtaining tax rulings in connection with ICOs and advise on the various tax aspects of crypto-based business activity. In addition, we represent clients before the tax authorities on matters relating to income tax, VAT, and incentive regimes, including preferred enterprises and preferred technological enterprises.
Private Clients
We advise private clients engaged in crypto investment and trading on cryptocurrency taxation and the full range of tax issues associated with such activity. We also assist with tax planning, reporting, and payment obligations relating to crypto income, including retroactive reporting for long-term investors, mitigation of fines, capital gains calculations, loss offsetting, and related matters. In addition, we represent clients before the tax authorities in connection with these and other issues relating to cryptocurrency income.