#VATExemption

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

Advertising

TechLoot is the tech advice you can trust

Who we are

Who we are

Our authors have years of experience in a variety of digital industries. Meet the team behind TechLoot.
What we publish

What we publish

We publish thoroughly researched guides over a set of different areas. Learn more about our editorial process.
Who’s it for

Who’s it for

Our content is for everyday tech consumers and enthusiasts who want to stay on top of the latest trends.