Israel: Draft regulations on withholding tax for digital asset transactions
Regulations proposed to become effective July 1, 2025
The government proposed draft regulations on withholding tax for digital asset transactions, including cryptocurrencies, tokens, and non-fungible tokens (NFTs), set to become effective July 1, 2025, pending approval.
Key measures include a 25% capital gains tax for individuals (23% for entities), rules for offsetting capital losses, exemptions for foreign residents, and reporting requirements.
For more information, contact a KPMG tax professional in Israel:
Elad Frohlinger | efrohlinger@kpmg.com
Oren Even | oasulin@kpmg.com