Israeli Tax Authority Cracks Down on Unreported Crypto Earnings
In the last two weeks, the authority unilaterally opened tax accounts for hundreds of Israelis identified as having cryptocurrency related revenues
Omri Milman | 16:24 05.12.2018
Over the last two weeks, Israel's Tax Authority has unilaterally opened tax accounts for hundreds of Israelis it has identified as having unreported earnings from cryptocurrency trading.
For daily updates, subscribe to our newsletter by clicking here.The authority has also sent notice letters to Israelis whose activity raises suspicion of unreported earnings, such as those who travel abroad frequently without having the requisite funds on paper, or those who own over three apartments, one Israeli official familiar with the matter said.