The UAE will exempt value-added tax on cryptocurrency transfers and conversions

2024-10-06 20:00:05

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ChainCatcher news, according to Cointelegraph, the United Arab Emirates' amendment to the value-added tax (VAT) regulations will exempt the transfer and conversion of virtual assets (including cryptocurrencies).

PwC stated that the new regulations include VAT exemptions for additional services, including managing investment funds and transferring and converting virtual assets.

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