A court in the Central District of Israel ruled in favor of the country's tax authority, recognizing Bitcoin as a financial asset, not a currency. Accordingly, profits from its sale in Israel should be subject to capital gains tax.🏦📻
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This is the case of the DAV blockchain startup, whose founder Noam Copel bought bitcoins in 2011 and sold them in 2013 with a profit of approximately 8.27 million shekels (about $ 2.29 million).💰💰💰
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Officially, bitcoin status in the country is still undefined. The Israeli tax authority did not agree with the claimant’s statement that Bitcoin is a currency.🤔 And since bitcoin is not a currency by definition of the central bank, accordingly it cannot be foreign currency. Instead, the agency claims that the cryptocurrency falls under the definition of an asset, so the profits from its sale are subject to capital gains tax. 😮
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As a result, the decision of the court obliges Kopel to pay tax in the amount of about 3 million shekels.☹
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Суд Центрального округа Израиля вынес решение в пользу налогового органа страны, признав биткойн финансовым активом, а не валютой. Соответственно прибыль от его продажи в Израиле должна облагаться налогом на прирост капитала.🏦📻
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Речь идёт о деле блокчейн-стартапа DAV, основатель которого Ноам Копел в 2011 году купил биткойны и продал их в 2013 году с прибылью, равной приблизительно 8.27 млн шекелей (около 2,29 млн долларов).💰💰💰
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Официально статус биткойна в стране все еще не определен.Налоговый орган Израиля не согласился с утверждением истца, что биткоин – это валюта.🤔
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И поскольку биткойн не является валютой по определению центрального банка, соответственно он не может быть иностранной валютой. Вместо этого агентство утверждает, что криптовалюта подпадает под определение актива, поэтому прибыль от его продажи облагается налогом на прирост капитала. 😮
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В итоге решение суда обязывает Копела уплатить налог в размере около 3 млн шекелей.☹
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Bitcoin SV Price Goes Vertical Following Craig Wright’s Whitepaper Copyright Claim >> According to a press release published by CoinGeek, controversial crypto proponent Craig Wright has been granted copyright registrations for the original Bitcoin Whitepaper with the US Copyright Office. The pro-Bitcoin SV publication has used the news as concrete evidence that Wright is indeed Satoshi Nakamoto. Although many in the wider cryptocurrency community remain unconvinced by […] >> [Read more on tribetica.com] #hodl #crypto #cryptoinvestor #cryptos #cryptomining #cryptotrading #cryptocurrency #bitcoiner #bitcoin #bitcoins #digitalcurrency #blockchain #ethereum #ripple #monero #litecoin
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Authorities Seize Dutch Bitcoin Mixer in ‘Worrying Precedent’ >> Cryptocurrency figures have reacted with dismay after authorities in the Netherlands seized and shut down popular Bitcoin mixer Bestmixer.io. Europol To Bitcoiners: ‘You Are Not Anonymous’ Confirmed in a press release May 22, a joint effort between Europol, the Dutch Fiscal Information and Investigation Service (FIOD) and Luxembourg authorities resulted in confiscation of Bestmixer’s assets, […] >> [Read more on tribetica.com] #hodl #crypto #cryptoinvestor #cryptos #cryptomining #cryptotrading #cryptocurrency #bitcoiner #bitcoin #bitcoins #digitalcurrency #blockchain #ethereum #ripple #monero #litecoin
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A court in the Central District of Israel ruled in favor of the country's tax authority, recognizing Bitcoin as a financial asset, not a currency. Accordingly, profits from its sale in Israel should be subject to capital gains tax.🏦📻 . This is the case of the DAV blockchain startup, whose founder Noam Copel bought bitcoins in 2011 and sold them in 2013 with a profit of approximately 8.27 million shekels (about $ 2.29 million).💰💰💰 . Officially, bitcoin status in the country is still undefined. The Israeli tax authority did not agree with the claimant’s statement that Bitcoin is a currency.🤔 And since bitcoin is not a currency by definition of the central bank, accordingly it cannot be foreign currency. Instead, the agency claims that the cryptocurrency falls under the definition of an asset, so the profits from its sale are subject to capital gains tax. 😮 . As a result, the decision of the court obliges Kopel to pay tax in the amount of about 3 million shekels.☹ _____________ Суд Центрального округа Израиля вынес решение в пользу налогового органа страны, признав биткойн финансовым активом, а не валютой. Соответственно прибыль от его продажи в Израиле должна облагаться налогом на прирост капитала.🏦📻 . Речь идёт о деле блокчейн-стартапа DAV, основатель которого Ноам Копел в 2011 году купил биткойны и продал их в 2013 году с прибылью, равной приблизительно 8.27 млн шекелей (около 2,29 млн долларов).💰💰💰 . Официально статус биткойна в стране все еще не определен.Налоговый орган Израиля не согласился с утверждением истца, что биткоин – это валюта.🤔 . И поскольку биткойн не является валютой по определению центрального банка, соответственно он не может быть иностранной валютой. Вместо этого агентство утверждает, что криптовалюта подпадает под определение актива, поэтому прибыль от его продажи облагается налогом на прирост капитала. 😮 . В итоге решение суда обязывает Копела уплатить налог в размере около 3 млн шекелей.☹
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We now have another licensed in the Hancock Family. Congratulations Harley! Your mum and I are very proud of you . #crypto #trading #cryptocurrency #altcoin #bitcoin #ico #cryptocurrencies #ethereum #cryptonews #cryptotrading #cryptomining #cryptolife #btc #trading #ripple #litecoin #bitcoin #bitcoinnews #hodl #altcoin #coinbase #ltc #bittrex #xrp #coinmarketcap #cryptocoin #cryptomemes #blockchain #daytrader #ethereum #chinabtc
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