UAE removes taxes for all crypto transactions

The Federal Tax Authority (FTA) of the UAE has published amendments to the Executive Regulation of Federal Decree-Law No. 8 of 2017, which regulates Value Added Tax (VAT). The changes, which will come into effect on November 15, following Cabinet Decision No. (100) of 2024, introduce a VAT exemption for transferring and converting virtual assets,

Source: Cryptopolitan