UAE Makes Crypto VAT-Free, Strengthening Hub Ambitions

The United Arab Emirates (UAE) made crypto transactions and conversions VAT-free with amendments to its Value-Added Tax (VAT) regulations. This change, effective January 1, 2018, solidifies the UAE’s position as a leading crypto hub. The UAE’s Federal Tax Authority (FTA) issued the VAT amendments on October 2, 2024. Tax consultancy firm PwC noted that the The post UAE Makes Crypto VAT-Free, Strengthening Hub Ambitions appeared first on Coin Edition .

Source: Coin Edition