Is UAE setting the stage for a crypto revolution with VAT exemption?

The United Arab Emirates (UAE) has made a significant move in the evolving world of cryptocurrencies by introducing VAT exemptions for virtual asset transactions. On October 2, 2024, the UAE’s Federal Tax Authority (FTA) announced changes under Cabinet Decision No. (100) of 2024, effective from November 15, 2024. This decision marks a pivotal shift in

Source: Invezz