UAE Eliminates Value-Added Tax From Crypto Transactions in New Regulation Amendment

Cryptocurrency transactions in the United Arab Emirates (UAE) will be exempt from value-added tax (VAT) starting next month, according to accounting giant PricewaterhouseCoopers (PwC). The accounting giant says the UAE’s Federal Tax Authority (FTA) published amendments earlier this month exempting crypto transfers from VAT charges. “Additional services are exempt from VAT: The management of... source: https://dailyhodl.com/2024/10/08/uae-eliminates-value-added-tax-from-crypto-transactions-in-new-regulation-amendment/