#UAE

UAE Abolishes VAT on Cryptocurrencies: A Major Step Toward Mass Adoption
Cryptocurrency

UAE Abolishes VAT on Cryptocurrencies: A Major Step Toward Mass Adoption
By Andrej Kovacevic 08th Oct 2024
UAE Abolishes VAT on Cryptocurrencies: A Major Step Toward Mass Adoption
Cryptocurrency
Cryptocurrency

UAE Abolishes VAT on Cryptocurrencies: A Major Step Toward Mass Adoption

In the United Arab Emirates (UAE), cryptocurrency transfers and conversions are now exempt from VAT, marking a significant move toward embracing digital assets. The UAE Federal Tax Authority (FTA) recently announced amendments to its regulations under Cabinet Decision No. (100) of 2024. Notably, the law update is applied retroactively, covering activities from January 1, 2018.…

By Andrej Kovacevic 8th October 2024

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