“Up until now, workers in the crypto industry had to pay double the tax on their options compared to workers in the traditional high-tech industry. Moreover, foreign investors in the blockchain industry were not entitled to the same benefits as those entitled to investors in the traditional high-tech industry,” Illouz said in a press statement. “This law amendment aims to balance the situation and eliminate the discrimination in taxation.”
Israeli Lawmakers Support Axing Crypto Capital Gains Tax for Foreigners
