Everything You Need to Know About Tax on Cryptocurrency in Dubai, UAE | Dubai Crypto Tax Guide 2024
The UAE came forth with VAT or Value Added Tax at a standardized tax rate of only 5% in the tax year 2018. This alteration marked a major shift in the place’s tax landscape, having an impact on both businesses as well as consumers. Federal taxes remain pre-set at 0 for companies that are exclusively involved in the realm of cryptocurrency trading or those that are receiving crypto assets in the form of payments.
No UAE Visa Stamping on Passports
No UAE visa stamping on passports: The new approach will save time and effort in obtaining an Emirates ID Applicants will not be required to leave their passports at immigration offices for the stamping of their visas. Residents of the United Arab Emirates will be able to use their Emirates ID as a residence document […]
