Published: September 28, 2023
Last Updated: October 17, 2023
In March 2023, the Israeli Tax Authority made an announcement regarding the apprehension of two Israeli citizens suspected of tax evasion linked to unreported income exceeding USD $2 million generated from non-fungible token (NFT) transactions. NFTs essentially represent unique digital assets and are indivisible digital tokens.
Disclaimer:
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."
