<ul><li>The United Arab Emirates exempts cryptocurrency transactions and conversions from Value Added Tax (VAT) starting November 15, 2024.</li><li>This exemption is part of the UAE's proactive stance towards the crypto industry, making it a key player in the crypto world.</li><li>The revision of tax regulations simplifies the process for individuals and the corporate sector, abolishing the previous VAT of 5%.</li><li>With over $30 billion in cryptocurrency inflows, the UAE ranks among the top 40 countries and becomes the third-largest crypto economy in the MENA region.</li></ul>

UAE Exempts Cryptocurrency Transactions from VAT

Discover more