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Bitcoinist 2024-10-07 16:00:26

UAE Removes VAT On Cryptocurrency Transfers And Conversions

The UAE has made a serious commitment to make it increasingly attractive as a global cryptocurrency hub by announcing a massive tax exemption. Starting November 15, 2024, all transactions involved in cryptocurrency exchange and conversion will be exempted from Value Added Tax. It aims at attracting both individual investors and institutional players who seek tax-friendly

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