In the UAE, VAT applies to goods and services exchanged for cryptocurrency, treating these transactions as barter. Businesses accepting cryptocurrency must calculate VAT based on the fiat value (in ...

The UAE has exempted cryptocurrency transfers and conversions from value-added tax, positioning itself as a more crypto-friendly jurisdiction for digital asset transactions. Amendments to value-added ...

The UAE has issued new changes Value Added Tax (VAT) rules, introducing measures that tighten governance, streamline procedures and enhance compliance. The revised rules—effective January 1, 2026—aim ...

The UAE will introduce a reverse charge mechanism for value-added tax (VAT) on scrap-metal trading between registered businesses from 14 January 2026, following a new Cabinet decision announced by the ...

It is a common knowledge that VAT is applicable on the supplies of goods or services for consideration. ‘Consideration’ could be monetary, non-monetary or a combination thereof. Transactions which ...

Cryptocurrency mining in the UAE for residents' personal accounts will not come under value-added tax (VAT), the Federal Tax Authority (FTA) said on Tuesday. However, mining cryptocurrency on behalf ...

The UAE approved amendments to corporate tax, VAT, and company laws, clarifying tax credits, easing VAT rules, and updating corporate structures/Representative Image The UAE has introduced a set of ...