Cryptocurrency Tax Exemption from the United Arab Emirates! 🇦🇪💰
- The UAE will exempt the transfer and conversion of virtual assets (including cryptocurrencies) from VAT with its new VAT regulation.
- According to PwC, additional services such as investment fund management are also covered by the VAT exemption.
- Finanshels stated that registered businesses can get back the VAT they paid for eligible purchases. 🚀