UAE Removes Taxes on Crypto Transactions
UAE Removes Taxes on Crypto Transactions The UAE’s Federal Tax Authority (FTA) has issued amendments to Federal Decree-Law No. 8 of 2017, which governs Value Added Tax (VAT). Effective November 15, 2024, following Cabinet Decision No. (100), the amendments introduce a VAT exemption for the transfer and conversion of virtual assets, including cryptocurrencies. Both citizens … Read more