The Israeli cryptocurrency exchange merge client data in a tax
Source:
The Tax authorities are more concerned about the incomes of the population due to mining and investment in cryptocurrencies. The Israeli Agency is your chance to not miss. The management of the authority entered into an agreement with cryptocurrency exchange Bits of Gold. A contract including the exchange of information.
theExchange merges customer data
Under the agreement, the Israeli cryptocurrency exchange Bits of Gold will give information about customers who have made transactions for the sum exceeding 50 thousand dollars. Tax inspection of Israel will receive the data over the last 12 months. About it reports the local edition .
The Tax Inspectorate seeking the check data to detect cases of money laundering and tax evasion. On already checked some of the records Bits of Gold last month. Maybe later it will switch on other exchanges. In addition, the tax authority draws attention to the fundraiser with the help of ICO.
theLaws for financial and cryptocurrency exchanges
Many people think the Situation is not entirely clear. The fact that Israeli law require brokers to pass on information about large-value and suspicious transactions to the office for the fight against money laundering and the financing of terrorism. The law which obliged to pass such information to the tax authority, no. There have been cases in which the Israeli court refused the tax Inspectorate to obtain data from the Bank because they are protected by the privacy act. Despite all this, the agreement between the Bits of Gold and the tax inspection is still made.
theTaxes for miners and crypto investors
Recommendations on taxes from the tax authority of Israel, first published in early 2017. Cryptocurrency recognized asset that is subject to a fixed tax rate on business. Customers of crypto-currency companies charged a 17 percent VAT. Tax on profit from trading cryptocurrency is 25 percent. Among 50 thousand users Bits of Gold, there may be those who did not want to pay these taxes.
the Israeli cryptocurrency exchange merge client data in tax appeared first on Two Bitcoin.
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
How to become a master of the Air: five universities with courses on cryptocurrency
last year, a private Vietnamese FPT University wished to preserve the possibility of payment in bitcoin in spite of the ban of the Central Bank on transactions with digital money. Now, five universities in three countries opened c...
One-fifth of all bitcoins lost. These hunters cryptocurrency will help to find her
Imagine what it's like metal detectors in the digital age. Instead of scoping out the beaches in search of gold, these experts use all possible methods, from supercomputers to hypnotherapy to return to people their lost cryptocurr...
Bitmain is estimated at 12 billion dollars in round B
called Bitmain Bitcoin giant. She recently closed a round of financing, after which the company estimated approximately in 12 billion dollars. This was reported by a Chinese news channel . How much Bitmain $ 12 billion – the numb...
Binance has donated one million dollars to charity
In March, former English footballer Mike Owen of the intention to release a cryptocurrency that will be used for donations to charities and sports centers. Now, the largest South Korean exchange Binance has donated one million dol...
CEO predicts Binance a billion dollars in profit exchanges by the end of the year
Despite the decline in Bitcoin prices, the profit of the exchange Binance reached the mark of 300 million dollars over the past six months. Growth Binance Coin, too, shows impressive results, reports . the Exchange of cryptocurren...
Life hack: how to make 380 dollars a month on the mining and not to pay for electricity
the Main item of expenditure of miners — electricity. Company, mining cryptocurrency, all ways trying to save her. For example, building a farm in ice caves and on the ocean floor, not to pay for the cooling equipment. Sometimes t...
Intern on wall street: the Winklevoss brothers hired a chief technical head of the NYSE
Exchange Gemini Trust from the Winklevoss brothers lured to his chief technical head of the NYSE for the position of CTO, said . According to analysts, this is another sign of the interest of well-known experts in crypto-currencie...
Behind another week. The main event of recent days was a radical redesign of our website. Combine business with pleasure: admiring a brand new look and recall the important news. the Cost of transactions in Ethereum raised to the ...
David Supper: the hype around Bitcoin has just started
COO Blockbid David's Supper claims that the popularity of the cryptocurrency in the beginning. After a few years they will become a part of our daily life reports . the crypto currencies are gaining popularity Many people at the m...
Proper football during the world Cup in 2018 advertise blockchain
In the half-time break of the match England – Sweden, a subsidiary company of Hyundai started advertising the blockchain. A short video about the benefits of technology saw more than 30 million viewers. It is reported . the Crypto...
How much tax to pay for the cryptocurrency? The experience of other countries
Recently, the Japanese Senator Fujimaki proposed to the Minister of Finance to review tax policy towards cryptocurrency. Now in the country pay up to 55 percent of the profits from the coin. Official has considered the option of s...
Zimbabwean officials do not know the origin of Bitcoin
the head of the Reserve Bank of Zimbabwe made some loud statements about bitcoin. Judging by his speech, the clerk is very poorly versed in coins. The country's Central Bank, which earlier banned local businesses to work with cryp...
Top stock Fund Europe stock began trading notes on cryptocurrency
the Largest exchange traded Fund (ETF) Europe NV Flow Traders started to trade the exchange notes on Bitcoin and Ethereum. The company is the world's first openly declared trade exchange-traded notes (ETN) on cryptocurrencies, rep...
Invest.com and Bittrex announced the creation of a common trading platform
the London company Invest and the American stock exchange Bittrex announced the details of the creation of new trading platforms for EU citizens. Representatives of the companies announced the partnership this week, said . the a N...
Jean-Pierre Landau: regulation of cryptocurrencies harms the development of technology
the French "Mr Bitcoin" Jean-Pierre Landau has published a report from the fifth of July, which indicates the undesirability of direct regulation of cryptocurrencies. In the publication of the Landau compared the technical and fin...
Wait: most investors are waiting for the rapid growth of altcoins
More than 70 percent of investors believe in the growth of capitalization of the stock market at least one-third. This is evidenced by the results of a recent survey of the exchange Huobi, reported . the Altcoins waiting for growt...
Acne Buterin: centralized exchanges should burn in hell
acne Buterin hopes that centralized exchanges are in "burn in hell". The founder of Ethereum sees in decentralized trading platforms future reports . the Cryptocurrency exchanges are changing the format Buterin criticizes the trad...
In January, the six depositors in coin BitConnect accused her of developers to create a financial pyramid and trade unregistered securities. Now the law firm Miller Silver, which represents the interests of investors, attracted to...
The ruling party of India accused of money laundering via Bitcoin
In February, the government of India about its intention to tighten control over the circulation of cryptocurrency in the country. Then the officials said that several dozen companies have committed fraud with crypto currency for ...
Tom Lee has reduced the forecast for the Bitcoins to 22 thousand dollars
At the end of January the Bitcoin optimist that by the end of the year the first cryptocurrency will rise to 25 thousand dollars. Then, when the rate of coin dropped, he added, what token do not have to grow every day to achieve n...
Comments (0)
This article has no comment, be the first!