UAE Exempts Crypto Transactions From Value Added Tax

UAE Exempts Crypto Transactions From Value Added Tax

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Source: Coindesk.com

The UAE has exempted all crypto transactions from having to pay value-added tax. The change further legitimizes the virtual assets sector, one legal expert said.

The United Arab Emirates has exempted crypto transactions from paying value-added tax (VAT), bringing the industry into line with several traditional financial services.

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The post "UAE Exempts Crypto Transactions From Value Added Tax" appeared first here Coindesk.com.

Source: Coindesk.com

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