Crypto Taxation

Crypto isn’t the Wild West anymore.  Governments around the world are well aware of investment in the crypto sphere and are doing their best to ensure that they get their share.  Increasingly, authorities in Israel and beyond are cracking down, defining cryptocurrency as an asset or property rather than as a currency, meaning you will be subject to capital gains taxation for any earnings you see on it.

Don’t wait until you have a tax situation on your hands!  Knowing the law and being proactive when it comes to crypto investments will help protect you, your family, your investments, and any assets you may have.

Which crypto events will trigger tax implications?

  • Purchases
  • Sales
  • Trades
  • Long- or short-term gains
  • … and many more

All of these could affect your tax picture.  Unfortunately, some clients come to us after the fact, facing threats, fines and other penalties for lack of disclosure.  Most wish they’d known enough to prepare ahead of time.

With a strong understanding of tax law and relevant regulations in Israel, the US and EU, and other jurisdictions, we’ll be working for you from Day One, helping you understand your rights and all the relevant reporting requirements to help you stay ahead of the authorities.

 
Ido Shaham, exploring regulation and taxation for STOs and for secondary trading.