The Federal Tax Authority (FTA) of the United Arab Emirates announced a full exemption from Value Added Tax (VAT) for cryptocurrency transactions starting from November 15 (Aban 25).
The Federal Tax Authority (FTA) of the United Arab Emirates announced a full exemption from Value Added Tax (VAT) for cryptocurrency transactions starting from November 15 (Aban 25). These changes include tax exemptions on the transfer and conversion of virtual assets. Additionally, the export of goods and services has been facilitated, and investment fund management is also tax-exempt. These reforms could make the UAE one of the most attractive destinations for cryptocurrency industry players.
Source: cryptopolitan.com
