UAE Exempts Crypto Transfers from VAT to Boost Crypto-Friendly Environment

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9 months ago bitnews

UAE Exempts Crypto Transfers from VAT to Boost Crypto-Friendly Environment The United Arab Emirates (UAE) has officially announced a value-added tax (VAT) exemption on cryptocurrency transfers and conversions of digital assets, according to PricewaterhouseCoopers (PwC) and reported by Cointelegraph. This tax exemption, retroactively applied from January 1, 2018, is part of the UAE’s ongoing efforts