❤️The UAE has exempted cryptocurrency transfers and conversions from value added tax, positioning itself as a more cryptocurrency-friendly jurisdiction for transactions with digital assets.
Amendments to the rules of value added tax (VAT) in the United Arab Emirates will exclude the transfer and conversion of digital assets, including cryptocurrency.📈
On October 2, the UAE Federal Tax Administration (FTA) published amendments to the country's VAT rules.
CBT Media
Amendments to the rules of value added tax (VAT) in the United Arab Emirates will exclude the transfer and conversion of digital assets, including cryptocurrency.📈
On October 2, the UAE Federal Tax Administration (FTA) published amendments to the country's VAT rules.
CBT Media