November 22, 2024
United Arab Emirates (UAE) Exempts Crypto Transactions From Value Added Tax (VAT)
 #CriptoNews

United Arab Emirates (UAE) Exempts Crypto Transactions From Value Added Tax (VAT) #CriptoNews

Cash News

“The UAE has essentially classified virtual assets in the same bucket as traditional financial services – several of which are already exempt from VAT. This legitimizes VAs,” said Ankita Dhawan, a senior associate at Métis Institute, a dispute resolution think tank.