The bill, which allows the tax exemption provided to high-tech companies in Israel to expand into the cryptocurrency ecosystem, passed preliminary reading.
At the session of the Israeli parliament, the Knesset, on July 5, the country’s high technology provided to companies tax benefits cryptocurrency to the industry to the expansion enabling to the bill first confirmation.
The bill in question pass through parliament and subsequently enactment case of foreigners in the country bitcoin And from crypto sales to their income tax exemption will be provided. In addition to the advantages provided to foreigners in the draft law, citizens working in the country from his income on crypto options 50% tax paid also as in stocks to 25% includes withdrawal.
If the bill, which has many advantages for foreigners, is approved, Israel’s crypto money companies will be interested. will draw is being considered. ruling party MP Dan Illouz also made statements in support of this situation.
Dan Illouz, Prime Minister of the bill Benjamin Netanyahu And coalition government by that it is supported told. of the bill hi-tech companies And investors aiming to attract Israel economic policies also with compatible It was noted that.
Deputy Illouz, Until now, crypto money industry employees, traditional working in high-tech companies to workers according to double more high pay taxes must He said he stayed. in between tax difference Despite the fact that crypto industry employees equal have rights not Illouz stated that with the draft law on this issue, the elimination of injustice emphasized the purpose.
Israel Blockchain and Web3 Companies Forum (ICBW3) founders Nir Hirschmann Rub And Shauli Rajwan In a statement on the subject, the country’s Finance Minister Bezalel Smotrich expressed his support for the bill. Against Israel’s cryptocurrency industry positive This bill, which points out that it has an attitude Europe with their countries same level was among the statements of the founders.