By law, Israeli bitminer required to pay 25% tax on capital gains, while related cryptocurrency businesses should be required, in addition to the above tax, to pay to the authorities and 17% VAT. However, since the bill became law, a lot of people and enterprises in the ecosystem of digital currency of Israel have not paid their taxes.
In this regard, the government launched the “catching” of defaulters. According to reports, the Israel tax authority began sending notices to all those whom they suspected of activities related to digital currency. Authorities need to provide them with information relating to the cryptocurrency transactions of individuals, including transaction history and the details of the portfolio, mining bitcoins, and much more.
Israel becomes the first nation that begins to track down tax evaders users of cryptocurrencies, although it is not the only country that faces the problem.
In February 2018, the internal revenue Service US (IRS) stated that less than 100 people from more than 250,000 hontarov in the country announced its cryptocurrency profits.
Despite this fact, the authorities have not resorted to persecution of bitcontrol, as Israel does now. Israeli tax did not disclose their sources of information: recently, quite a lot of cryptocurrency companies have filed lawsuits against banks in the region for refusing them banking services. In addition, sources close to the issue, hinting that officials are now tracking the locals with the purpose of detecting peer-to-peer cryptocurrency transactions in social networks, such as Telegram, Facebook, and others.
We will remind that in April the Tax Finland has identified thousands owed her bitcoin traders. Around the same time, France announced the reduction of tax on cryptology from 45% to 19%.